Numerous politicians, including President Biden, former President Trump, Sen. Sherrod Brown (D-Ohio), Sen. John Fetterman (D-Pa.), and now Vice President Harris, are against Nippon Steel’s proposal to acquire U.S. Steel. Despite these objections, the deal is not yet off the table, and it must proceed to secure U.S. Steel’s future and the jobs of its employees.

U.S. Steel decided to put itself up for sale last year due to the need for capital and expertise to survive in a challenging industry, with no other viable options available. While Cleveland-Cliffs, an American company, offered $7 billion for U.S. Steel, Nippon surpassed that with a $14.9 billion all-cash bid, which was approved by over 98 percent of U.S. Steel’s voting shares at a special meeting in April.

Even though some in the political sphere argue against the deal due to protectionist sentiments, it is crucial to recognize the benefits. Nippon is a well-managed company that plans to invest $2.7 billion in upgrading U.S. Steel’s facilities, something the American company cannot afford to do independently. This investment is critical for the revitalization of U.S. Steel and preserving American jobs.

While the sale might face obstacles related to national security review processes, experts believe that Nippon’s acquisition would enhance the domestic steel industry and strengthen U.S. security interests given Japan’s close alliance with the United States. Rejecting the deal could harm American interests and undermine a crucial relationship with a strong ally.

It is essential to consider the long-term benefits of the Nippon-US Steel deal over short-term political rhetoric. This partnership could rescue U.S. Steel from its current challenges and offer stability and growth opportunities for the company, its workers, and the communities it serves.