President Donald Trump proved his abilities as America’s “negotiator in chief” once again by greenlighting a merger between the iconic US Steel (USS) and Japan’s Nippon Steel Corporation (NSC). The deal will not only preserve existing American jobs but create new ones too, while pouring investment into the country and revitalizing America’s industrial base—a true win-win for the US and Japan.

USS has languished for decades, weighed down by obscene tax and regulatory burdens, failed union leadership, and unfair trade practices. This deadly combination is what turned the Industrial Belt into the Rust Belt, from Pittsburgh to Milwaukee.

These rubiginous cities have seen good-paying blue-collar jobs vanish, economic activity plummet, and tax revenue to state and local governments evaporate.

Meanwhile, companies like USS have been heading to bankruptcy amid a dearth of investment and technological innovation. That has caused USS to fall woefully behind some of its foreign........

© Townhall