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Biden blocks $15 billion US Steel acquisition by Nippon Steel, upholding national interest concerns

IndiaTimes Friday, 3 January 2025 ()
President Joe Biden blocked Japan's Nippon Steel’s proposed $15 billion acquisition of US Steel, citing national security concerns and the need for American steelmaking capacity to remain domestically controlled. This decision, aligning with opposition from political figures like Donald Trump, could impact US-Japan diplomatic relations.
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