Why both Biden and Trump oppose Japan’s takeover of US steel – DW – 01/03/2025
After months of protests, US President Joe Biden on Friday blocked Japan’s Nippon Steel’s proposed purchase of United States Steel Corporation, or US Steel. The second-largest US steelmaker had earlier approved a $14.9 billion (€14.5 billion) takeover bid, saying it would help insulate the ailing company from intense competition from abroad, including China. Nippon Steel … Read more