What’s next after Biden blocked the $15bn Nippon Steel/US Steel deal?
Some analysts warned that blocking the deal could sour relations between the United States and Japan.
US President Biden’s decision to block the sale of US Steel was not about slighting Japan, a key Indo-Pacific ally, but about keeping steel production in the United States, White House National Security spokesperson John Kirby said on Friday.
“This is about US steel-making and keeping one of the largest steel producers in the United States an American-owned company,” Kirby said.
(By Gabriella Borter; Editing by Franklin Paul)
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