Tag #Us-Japan Trade

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theglobeandmail.com

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Feb 8, 01:08

Trump Intervenes, Nippon Steel to Invest in U.S. Steel

President Donald Trump announced that Nippon Steel will invest in U.S. Steel instead of acquiring it, reversing his and President Biden's previous opposition to the $15 billion deal; this follows a CFIUS failure to reach a consensus on national security risks, and the investment will involve Japanes...

Trump Intervenes, Nippon Steel to Invest in U.S. Steel

President Donald Trump announced that Nippon Steel will invest in U.S. Steel instead of acquiring it, reversing his and President Biden's previous opposition to the $15 billion deal; this follows a CFIUS failure to reach a consensus on national security risks, and the investment will involve Japanes...

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What are the immediate consequences of Trump's intervention in the Nippon Steel-U.S. Steel deal, and how does it affect the political landscape?

President Donald Trump announced that Nippon Steel will invest in U.S. Steel instead of acquiring it, marking a shift from both Trump's and Biden's prior stances against the merger. This decision follows a failed consensus within the Committee on Foreign Investment in the United States (CFIUS) regarding national security concerns. Trump plans to mediate the investment details.

english.kyodonews.net

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Jan 6, 10:07

Biden Blocks Japanese Steelmaker's US Acquisition

President Joe Biden blocked Nippon Steel's \$14.1 billion acquisition of U.S. Steel on Friday, citing national security concerns, prompting criticism from Japan and the companies involved, who plan legal action.

Biden Blocks Japanese Steelmaker's US Acquisition

President Joe Biden blocked Nippon Steel's \$14.1 billion acquisition of U.S. Steel on Friday, citing national security concerns, prompting criticism from Japan and the companies involved, who plan legal action.

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How might Biden's decision impact future foreign investment in the United States and U.S.-Japan relations?

Nippon Steel, the world's fourth-largest steelmaker, plans to sue, claiming insufficient evidence and violation of due process. The decision overruled advice from several top Biden aides, raising concerns about the precedent set for future Japanese investments in the U.S. and highlighting the political motivations possibly influencing the decision, as suggested by some analysts.

Showing 37 to 38 of 38 results