Part 9/10:
In the context of national security, both Trump and the Biden administrations have voiced opposition to foreign acquisitions of American industries, notably in the case of Nipon Steel's attempt to acquire U.S. Steel. While on face value this seems patriotic, critics argue that preventing foreign investment can undermine economic efficiency. Notably, U.S. Steel has suffered from mismanagement and inefficiencies that foreign investment could remedy. Highlighting the peculiar paradox in trade protectionism, it appears that shielding domestic entities from foreign intervention may not serve the long-term interests of the American economy.