Why Biden blocks Japan's Nippon Steel from acquiring U.S. Steel and what comes next?--China Economic Net
Zhong Guo Jing Ji Wang·2025-01-05 01:51
Latest NewsWhy Biden blocks Japan's Nippon Steel from acquiring U.S. Steel and what comes next?Last Updated: 2025-01-05 09:45 |XinhuaSavePrintE-mailWASHINGTON, Jan. 4 (Xinhua) -- U.S. President Joe Biden on Friday blocked Japan's Nippon Steel's proposed acquisition of U.S. Steel, citing national security concerns -- a decision that economists say could hurt American steelworkers and the U.S. economy.In response, Japan's Minister of Economy, Trade, and Industry Yoji Muto described the move as "incomprehensib ...