President Biden is under increasing pressure to prevent Nippon Steel's acquisition of U.S. Steel, with environmental groups arguing that the merger would hinder America's climate change efforts. The controversy highlights a broader debate on the definition of national security, questioning whether the purchase by a Japanese company should be blocked. Last year, U.S. Steel announced its agreement to be acquired by Nippon Steel, Japan's largest steelmaker, sparking discussions on America's growing protectionist tendencies.
Last year US Steel said it had agreed to be bought by Nippon Steel, Japan’s biggest steelmaker. The ensuing pile-on has been a case study in America’s protectionist creep https://t.co/9f0kqDBTkG 👇
Should a Japanese buyer really be blocked from acquiring US Steel? The row reveals the new meaning of national security https://t.co/YmSkcTasAO 👇
'The row over US Steel shows the new meaning of national security. Should a Japanese buyer really be blocked from acquiring the American firm?' @TheEconomist https://t.co/35VWgTsURr
The row over US Steel shows the new meaning of national security: Should a Japanese buyer really be blocked from acquiring the American firm? https://t.co/WjKEoxJcVV
President Biden is facing new pressure to block Nippon Steel’s acquisition of U.S. Steel, this time from environmental groups that say the tie-up would set back America’s efforts to curb climate change. https://t.co/V6MfzE5UJA