Nippon Steel Engages in Final Push to Secure US Steel Acquisition
Nippon Steel's Urgent Meetings in Washington
Nippon Steel's vice-chair, Takahiro Mori, will meet with senior US officials in Washington, D.C., aiming to salvage the proposed $15bn acquisition of US Steel, despite opposition from President Biden and Vice President Harris.
Political Fallout and Security Concerns
People familiar with the situation indicate that Mori will engage with several deputy cabinet secretaries within the Committee on Foreign Investment in the United States (CFIUS), which evaluates inbound investments for national security risks. Recent statements by Harris underscored the sentiment for maintaining US Steel as an American enterprise.
- Expert Opinions: Many experts, including frustrated US officials, contest that the acquisition poses significant security threats.
- Job Loss Alerts: US Steel warned that jobs are
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