US warned Nippon Steel its U.S. Steel bid risks harming American industry

The Biden administration has informed Nippon Steel that its proposed $14.9 billion acquisition of U.S. Steel would jeopardize national security and harm the American steel industry, potentially leading to a blockage of the deal. This exclusive report by Reuters suggests growing evidence of U.S. intentions to prevent the acquisition, indicating significant implications for both companies and the broader economy.

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