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The Political Battle for U.S. Steel

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Oct 04, 2023

The Political Battle for U.S. Steel

By Aug. 28, 2023 6:18 pm ET Listen (2 min) Government industrial policy is in fashion these days, using tariffs, subsidies and mandates to allocate capital. But to see how that is working in practice,

By

Aug. 28, 2023 6:18 pm ET

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(2 min)

Government industrial policy is in fashion these days, using tariffs, subsidies and mandates to allocate capital. But to see how that is working in practice, look at the fate of U.S. Steel, which is now seeking a buyer to improve its fortunes. A mix of labor politics and protectionism could block a sale in the best interest of shareholders.

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