Unions for Trump IN HORROR NOW after HIS ANNOUNCEMENT

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The MeidasTouch Podcast 15 min 3 speakers 8 chapters transcribed 12 hours ago
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Why do union leaders feel betrayed by Donald Trump’s stance on the US‑Steel‑Nippon merger?

Unknown 0:00
Very frustrated with the news that came out last night. I thought, um, I didn't think that, you know, I didn't expect that that to come out. So that was like it got punched.
Ben Meiselas 0:08
That was Jason Zagai, a union leader in Pittsburgh, who says that he and others in his union feel like Donald Trump just gut punched them by opposing the merger between US Steel and Nepon, the US Steel-Neppon merger, which 95% of the union members uh who worked in that factory supported. Uh Jason Zagai, Attended Trump rallies with other union workers who ended up voting for Donald Trump and supporting Donald Trump. And you heard him there saying, I'm very frustrated with this news. And the news is Donald Trump just made a social media post. And on that social media post, Donald Trump says, I'm totally against the once great and powerful US steel being bought by a foreign company, in this case, Nippon Steel of Japan.
Ben Meiselas 0:57
The A series of tax incentives and tariffs. We will make U.S. steel strong and great again, and it will happen fast. Exclamation point. As president, I will block this deal from happening. Buyer beware. So it's not just Donald Trump coming out against it now, which he didn't do during the key campaign stops towards the end of his uh campaign, but he's coming out against it. Against it strongly. I'm gonna block it. I'm gonna make sure it never happens. And for people in Pittsburgh here and people who were part of the local 2227, they said, You're we're gonna lose our jobs now, Donald. And now Jason's the guy, you heard him there. He goes, I'm very frustrated with the news that came out last night. He's from United Steel Workers Local 2227.
Ben Meiselas 1:44
He's their vice president. He said during that panel discussion, quote, I didn't Didn't expect that to come out.

How did Jason Zagai and other US‑Steel workers react to Trump’s social‑media post?

Ben Meiselas 1:50
So that was like a gut punch. Let me share with you this. This is the local media coverage of what just went down. Here, play this short clip.
Unknown 1:58
One of those union leaders also spoke at a Trump rally shortly before the election. He says he was shocked to hear the president elect come out so strongly against the deal so soon after the election. Very frustrated with the news that came out last night. I thought, um, I didn't think that, you know, I didn't expect that that to come out. So that was like it got punched. Union leaders at the U.S. Steel Urban Works say 95% of their members are in favor of the Nepon merger, and many of them were at the Trump rally in Pittsburgh the day before the election. The union leaders say they were initially skeptical of the deal, but they came around after meeting with Nippon officials during the summer. Nippon pledged to spend a billion dollars to upgrade the 86-year-old.
Ben Meiselas 2:46
Now, the stock of US steel is tanking after Donald Trump's post because you know when Donald Trump's been making these social media posts, right? Whose stocks have been tanking? US auto workers, US auto companies who the autoworkers supported. Their stocks tank after Donald Trump talks about 25% blanket tariffs in Canada and Mexico. When lots of these companies, whether it's Ford, GM, Stellantis, they've got factories in Mexico. And now the United States Steel Corporation, their stock is tanked.
Unknown 3:22
Let's just take a look at this, play this clip.
Unknown 3:31
And this is all after the president elect took to his social media truth platform, Truth Social, last night and reiterated the opposition that he has towards US steel being acquired by Japanese steel giant Nippon Steel. That has resulted in a down move in the stock. U.S. steel steel for its Says it's still committed to that particular deal going through, and that it thinks it's the best interest of all the stakeholders there. So keep it on US steel. And here's one that we haven't talked about a lot in terms of artificial intelligence.

What impact did Trump’s announcement have on US‑Steel and auto‑industry stock prices?

Unknown 3:58
Look at that.
Ben Meiselas 4:00
While he was kind of coy about it, it's a controversial deal. I want to be clear. The US steel Nippon deal is controversial, right? There are many who say for national security reasons, that steel factory, the steel company that's been in existence since 1901, the pride of Pittsburgh, the Steelers, Pittsburgh Steel, US Steel there.

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