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Pennsylvania

Biden's opposition to U.S. Steel takeover could test ties with key ally Japan

The collapse of the Nippon Steel bid to acquire the Pennsylvania-based firm would be an “epic own goal” that could inadvertently help China, one analyst told NBC News.

By: CNBC
  • Sep 11 2024
  • 34
  • 4029 Views
Biden's opposition to U.S. Steel takeover could test ties with key ally Japan
Biden's opposition to U.S. Ste
TOKYO — U.S. opponents of a Japanese steelmaker's $14.9 billion bid for U.S. Steel cite concerns about national security and a reluctance to relinquish a storied American company. In Japan, the business community sees election-year politics at play. ... [2774 chars]

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