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Japan Continues Pursuit of U.S. Investments After Blocked Steel Merger

share-iconSaturday, January 04 comment-icon2 weeks ago 5 views
News sources:
nytimesNYTIMES
Japan Continues Pursuit of U.S. Investments After Blocked Steel Merger

Credited from: NYTIMES

  • Nippon Steel's $15 billion bid to acquire U.S. Steel has been halted by President Biden, citing national security concerns.
  • Japanese officials warn that blocking the merger could harm economic ties between Japan and the United States.
  • Keidanren, Japan's largest business lobby, stated that America's investability would suffer if the deal is blocked.
  • Nippon Steel and U.S. Steel criticized the political nature of the decision and are considering legal action.
  • Despite the setback, it is expected that Japanese companies will continue to pursue investments in the U.S., especially with increasing difficulties in China.

For more information, visit the original article here.

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Gloria Terra

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