Fox News humiliates Donald Trump at hyped-up Pennsylvania rally
U.S. President Donald Trump announced a major deal with a Japan-based steelmaker that involves investment in U.S. manufacturing, which Trump-loyal Fox News failed to show its viewers.
Avid news junkies noted that Fox News failed to show President Donald Trump's massive rally for his steel deal announcement Friday. Meanwhile, liberal-leaning CNN did.
Rather, Fox News host Jesse Waters was discussing other topics. Around 5:40 p.m., President Trump emerged onto the stage, where he was welcomed by a filled roaring crowd with hundreds of thousands of people in Pittsburgh, a stronghold of the U.S. steel industry, as shown on CNN and elsewhere.
The rally comes as the White House announced a $14 billion trade agreement struck with Japan's Nippon Steel. The deal is considered a huge win in the tariff trade war for the Trump administration, which has been eager to cater to its blue-collar base.
Trump initially said he would block Nippon Steels' bid to buy Pittsburgh-based U.S. Steel, however, he announced last week that Nippon would have "partial ownership." Though, Trump made clear that the Pennsylvanian company would remain under U.S. control.
U.S. Steel is a critical player in the country's auto manufacturing and national security industries.
The exact details of the arrangement have not been revealed and U.S. Steel has not publicly commented on the deal at press time.
However, it is understood that Nippon will invest billions into U.S. Steel facilities across Pennsylvania, Indiana, Alabama, Arkansas and Minnesota.
To maintain its American identity, the company will be overseen by an executive suite and board made up primarily of Americans.
It will also be protected by the U.S. government, which will have veto power through a "golden share," according to lawmakers.
The deal announcement comes a week after Japanese Prime Minister Shigeru Ishiba revealed that he had a phone call with President Trump, during which the two leaders agreed to have a "productive" conversation about trade.
Japan had been hit by the Trump administration's sweeping 25% tariff on auto products as it is home to several major car brands, including Honda, Mazda, Nissan and Toyota, all of which are major economic drivers. While some tariffs were relaxed, others on steel and aluminum were raised.
Prime Minister Ishiba made clear that he wanted the United States to lift all tariffs against Japan. In exchange, Japan would strike a deal that involved investing in U.S. manufacturing.
The Trump administration has maintained that a primary goal of the tariffs is to bring manufacturing back to the United States as millions of factory jobs have been offshored.
Shortly after the meeting, President Trump threatened to raise tariffs to 50% on the European Union in an attempt to get them to acquiesce. Trump taunted, "There is no tariff because what they'll do is they'll send their companies into the U.S. and build their plant." The EU has yet to reply.