HomeLatestGLOBALink | Nippon Steel fights again after Biden blocks U.S. Steel deal

GLOBALink | Nippon Steel fights again after Biden blocks U.S. Steel deal

U.S. President Joe Biden blocked Japan’s Nippon Steel’s bid to accumulate U.S. Steel, citing nationwide safety considerations. Nippon Steel CEO referred to as the transfer politically motivated and vowed to not again down. The resolution has sparked debate, with critics saying it may deter overseas funding within the U.S.

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