Revisiting national security in the context of global commerce

In response to the US rejection of the Nippon Steel and US Steel deal, Wolfgang Lehmacher warns of the deteriorating state of trade agreements due to the increasing use of national security exceptions, as seen in the rejection of the $15bn acquisition. The broadening definition of security threats poses risks of protectionist measures, leading to a fragmented global market and complicating cross-border operations, highlighting the importance of collaboration and clear guidelines in trade agreements to address shared challenges and prevent arbitrary protectionism.

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