Comment on Japan Warns U.S. Over Blocking U.S. Steel Purchase

Japan Warns U.S. Over Blocking U.S. Steel Purchase

“Japanese Prime Minister Shigeru Ishiba warned Monday of potential repercussions for bilateral trade following U.S. President Joe Biden’s decision to block a $14.1 billion acquisition of United States Steel Corp. by Nippon Steel Corp,” Kyodo News reports. “His remarks come as the Japanese steelmaker, the world’s fourth-largest by production volume, prepares to file a lawsuit over Biden’s decision, which was announced Friday.”

 

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