Comments by "Reecom98" (@reecom9884) on "U.S. Steel caught in middle of dispute over sale to Japanese company" video.

Japan is an island nation with limited resources. Nippon Steel manufactures steel by importing iron ore and fuel mostly from other countries by ocean going ships yet are still competitive in the world market. US Steel uses domestic iron ore and coal transported domestically by railroads from other states and sells their products mostly in the US with US government tax incentives, yet they are going bankrupt. Something isn’t working with this picture.
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@bobroberts2371 The Japanese management philosophy is long term growth. They are like wine orchard farming, it may take 10 years to grow grapes and then make wine. The US management is like wheat farmers during the “Dust Bowl” ruining the land, make as much money for the shareholder from the metal foundry and get your bonus and leave before the metal foundry is rundown.
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@Sidicas Ranks of steel producing countries; 1) China, 2) India, 3) Japan, 4) United States, 5) Russia. US made steel is 3 times stronger than Chinese made steel. The US have tariffs on Chinese steel which forced them to dump surplus steel stocks ironically to India. Nippon Steel had been selling their steel to China because of China’s construction boom with low transportation cost but is now selling to the US at a higher transportation cost. Of the top five, Japan and the US are not heavily supported by their governments. The US steel tariffs on Chinese steel kept them under check on dominating the steel market in the US.
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@enhancedutility266 A drop in a country’s currency is like a double-edged sword, it cuts both ways. Japan’s higher price exports are cheaper for other countries to buy, but the imported raw materials from resource countries used to make the finished exports are more expensive; a medium currency value must be met.
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@k6-3spetznazhelmet The reason so many countries buy US Treasury notes, or our debt, is because; 1) natural resources and land that enables consistent economic growth in a downturn world economy, 2) geographic location between two friendly countries and two oceans on the other sides, 3) stable form of government not normally prone to political upheaval. The US economy will never go bankrupt, with other countries betting that their money is safe in US Treasury notes, even China and Russia have bought some of the notes to hedge their bets.
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@vivliforia2262 A tariff or duty is a tax levied by governments on the value including freight and insurance of imported products. Different tariffs applied on different products by different countries. Countries have tariffs to keep imported products from dominating their domestic markets.
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@rakesharamaiah2737 Only 33% of the lands in Japan is habitable. 67% of the land is forest or mountainous and agricultural lands is only 14%.
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