Biden blocks Nippon Steel's $14.9bn acquisition of US Steel over national security concerns - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Bishop Mariann Budde's Plea for Mercy Draws Fire from Trump Following Inaugural Prayer Service
user-iconAtlas Winston
side-post-image
India Defeats England by Seven Wickets in First T20: Abhishek Sharma Shines
user-iconGloria Terra
Contact Phone:
Politics

Biden blocks Nippon Steel's $14.9bn acquisition of US Steel over national security concerns

share-iconFriday, January 03 comment-icon2 weeks ago 5 views
News sources:
bbcBBC
Biden blocks Nippon Steel's $14.9bn acquisition of US Steel over national security concerns

Credited from: BBC

  • **US President Joe Biden has blocked the** proposed $14.9 billion **purchase of US Steel by Nippon Steel** from Japan, citing national security concerns.
  • The **White House's executive order** cited "credible evidence" that the acquisition could impair the **national security of the United States**.
  • Despite **intense lobbying** from senior advisors warning about potential damage to US-Japan relations, Biden decided against the deal.
  • The decision followed a **deadlock** in late December by a US government panel, which could not agree on the implications of the deal.
  • Biden's decision comes as **Pennsylvania** becomes a critical battleground in the upcoming elections, with local unions opposing the acquisition.

For more details, visit the original article at BBC News.

SHARE THIS ARTICLE:

TAGS:

Biden Nippon steel Us steel Acquisition National security Japan Politics
author-dp

Author:

Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

nav-post-picture
date-iconJanuary 03, 2025 Trump's Promised Day-One Actions: A Look Ahead
date-iconJanuary 03, 2025 Concerns Over Mirror Bacteria's Potential to Cause Mass Extinction
nav-post-picture
Related Posts
main-post-image
POLITICS
Key Events of the January 6, 2021 Capitol Riots and Trump’s Controversial Clemency
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Sunfish in Japan Recovers After Keepers Use Human Cutouts to Alleviate Loneliness During Aquarium Closure
date-iconJan 22, 2025
main-post-image
WORLD NEWS
MrBeast Bids for TikTok Amid Deadline for Sale as Regulatory Pressure Mounts
date-iconJan 22, 2025
main-post-image
POLITICS
Short-Lived Trump Adviser Anthony Scaramucci Mocks Vivek Ramaswamy's One-Day Tenure
date-iconJan 22, 2025
main-post-image
POLITICS
Huntington Beach Declares Itself a "Non-Sanctuary City" in Support of Trump’s Immigration Policies
date-iconJan 22, 2025
main-post-image
POLITICS
Former FirstEnergy Executives Indicted in $60 Million Ohio Bribery Scheme
date-iconJan 18, 2025

Stay Connected

main-post-image
World News
Dangerous Winds and Arsonists Threaten Ongoing Wildfire Response in Los Angeles
date-icon January 16, 2025
main-post-image
Entertainment
Whoopi Goldberg Voices Support for Carrie Underwood's Inauguration Performance
date-icon January 16, 2025
main-post-image
World News
MrBeast Bids for TikTok Amid Deadline for Sale as Regulatory Pressure Mounts
date-icon January 22, 2025
main-post-image
World News
Jimmy Lai Testifies on Payments to US Officials Amid National Security Trial
date-icon January 16, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Bishop Mariann Budde's Plea for Mercy Draws Fire from Trump Following Inaugural Prayer Service
user-iconAtlas Winston
side-post-image
India Defeats England by Seven Wickets in First T20: Abhishek Sharma Shines
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD