Steve Moore: China Will Be the Biggest Loser on Nippon Steel Deal

EXCERPT:

MOORE: "Well, there was some other breaking news, if I may, in terms of that press conference that dealt with the economy. And that was one of the strongest comments I‘ve heard from Trump saying, 'Look, I want this deal to get done on Nippon Steel.' That is the Nippon Steel buying U.S. Steel, which I believe is a good deal for investors, it‘s a good deal for American workers, it'll bring a lot of money into the United States. Trump has been reluctant to do that, but he basically said they have a new deal where the structureship, America will still own a significant part of that. I think that means that this deal is well on the way to getting done. And as I said, I‘ve always been very supportive of that multi-billion dollar deal. And by the way, the big losers in that are China, because China is trying to take over the steel industry.”