Biden Expected to Block U.S. Steel Takeover
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Foreign Investments Harris, Kamala D Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Pennsylvania Presidential Election of 2024 Steel and Iron United States Economy United States Politics and Government United States Steel Corporation Yellen, Janet L

Biden Expected to Block U.S. Steel Takeover

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril
Posted inChina Cleveland-Cliffs Inc Foreign Investments Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Pennsylvania Presidential Election of 2024 Steel and Iron United States United States Steel Corporation United Steelworkers of America

Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril

The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.
The Politics of a Steel Deal Hangs Over Biden’s Japan Summit
Posted inBiden, Joseph R Jr Customs (Tariff) internal-storyline-no Japan Kishida, Fumio Nippon Steel Corporation Pennsylvania Politics and Government Presidential Election of 2024 Trump, Donald J United States International Relations United States Steel Corporation

The Politics of a Steel Deal Hangs Over Biden’s Japan Summit

The president’s effort to court voters in crucial swing states is influencing economic and trade policy, and worrying longstanding allies.
Biden’s Trade Moves Raise Tensions With China and Japan but Draw Cheers at Home
Posted inBiden, Joseph R Jr Brown, Sherrod China Factories and Manufacturing Japan Kishida, Fumio Labor and Jobs Mergers, Acquisitions and Divestitures Nippon Steel Corporation Protectionism (Trade) Steel and Iron United States International Relations United States Politics and Government United States Steel Corporation United Steelworkers of America

Biden’s Trade Moves Raise Tensions With China and Japan but Draw Cheers at Home

The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump.