Trump tightens restrictions on Chinese investments in strategic areas citing national security concerns, raising tensions in US-China economic relations.
The Biden administration has delayed its decision on Nippon Steel's acquisition of US Steel until June 2025, allowing time for legal challenges to unfold.
President Biden blocks Nippon Steel's bid for U.S. Steel, citing national security concerns while potential job losses loom for the American steel industry.
President Biden is set to announce his decision on Nippon Steel's acquisition of U.S. Steel, which carries significant implications for American steel production.