US opposition to Nippon Steel deal ‘very unsettling’, Japan PM hopeful says

In an exclusive interview with Reuters, Shigeru Ishiba, a top candidate for Japan’s next premier, expressed concern over the potential U.S. move to block Nippon Steel’s acquisition of U.S. Steel on national security grounds, stating it would damage trust between the allies. The White House is reportedly close to announcing President Joe Biden’s decision to veto the $15 billion deal, as reported by Reuters earlier this week. The implications of this decision could have a significant impact on both countries’ economic and diplomatic relations.

Full Article