Trump: I hope the US steel industry will stay in the country and oppose foreign acquisitions

Trump does not want foreign companies to buy American steel and hopes that the American steel industry will remain in the United States. In addition to the reasons mentioned above, such as protecting domestic industries, winning voter support and maintaining national security, it is also related to his economic policy ideas and his judgment on the competitiveness of the American steel industry:
Economic policy ideas: Trump adheres to the economic policy idea of ​​America first and emphasizes the protection and promotion of the development of American domestic industries through various means. In his view, foreign companies buying American steel may lead to the outflow of control of the American steel industry, which will in turn affect the independence and stability of the American economy. He hopes to maintain the local ownership and control of the American steel industry by restricting the acquisition behavior of foreign companies, so as to better implement industrial policies, promote the revival and development of the American steel industry, and achieve the overall prosperity of the American economy.
Judgment on the competitiveness of the American steel industry: Trump may believe that the American steel industry has certain development potential and competitiveness, and as long as it is given appropriate policy support, it can achieve good development in the local area. He may be worried that after foreign companies acquire American steel companies, they will transfer production links to other lower-cost regions or change the development direction of the American steel industry, thereby weakening the competitiveness of the American steel industry. Therefore, he hopes to prevent foreign companies from acquiring the US steel industry, so that the US steel industry can focus on improving production efficiency, innovating technology and improving product quality in the US, and enhance its competitiveness in the global market.
In order to achieve the goal of keeping the US steel industry in the US, the policy measures that Trump may take include:
Tariff protection: Trump announced a 25% tariff on imported steel in 2018. By increasing the cost of imported steel, US domestic steel products will be more competitive in price, thereby stimulating domestic steel production, protecting US steel companies from the impact of foreign competition, and helping to maintain and increase jobs in the US steel industry.
Tax incentives: Trump said he would support the US steel industry through a series of tax incentives. For example, US steel companies may be given tax breaks, tax credits or other tax incentives to reduce their operating costs, improve their profitability, encourage companies to invest in the US, expand production scale and upgrade technology equipment, and promote the development of the US steel industry.
Executive order: Trump has signed an executive order to “buy American goods and hire Americans”, requiring the reform of visa policies and taking measures to allow the government to purchase more domestic goods. The executive order also requires that the “Buy American” bidding process take into account “unfair trade” practices such as foreign dumping and subsidies for the first time, while encouraging the purchase of domestically produced steel products in U.S. government projects to create stable market demand for the U.S. steel industry.