We need to stop a Japanese company that is headquartered in a major 70-year ally from owning parts of the US steel industry for …reasons.
The-first-laugh on
SS: Biden has decided to block the sale of US steel to Nippon steel. While the majority of US steel shareholders have approved the purchase, the steel union had opposed the sale.
The PM of Japan had urged for the sale to go through as halting/blocking it would mire the efforts to bring both allies even closer. However, it seems like Biden has decided to block the sale; the question is how will Japan respond as Nippon steel was apparently offering multiple gifts, including a veto power to the US government.
kjleebio on
What was his reason for this? Is it because Trump would have done so anyway and thus decided to spare Nippon steel from tariffs?
HumberGrumb on
The workers wanted long term commitments from Nippon Steel.
4 Comments
We need to stop a Japanese company that is headquartered in a major 70-year ally from owning parts of the US steel industry for …reasons.
SS: Biden has decided to block the sale of US steel to Nippon steel. While the majority of US steel shareholders have approved the purchase, the steel union had opposed the sale.
The PM of Japan had urged for the sale to go through as halting/blocking it would mire the efforts to bring both allies even closer. However, it seems like Biden has decided to block the sale; the question is how will Japan respond as Nippon steel was apparently offering multiple gifts, including a veto power to the US government.
What was his reason for this? Is it because Trump would have done so anyway and thus decided to spare Nippon steel from tariffs?
The workers wanted long term commitments from Nippon Steel.