The Nippon Steel Deal Is Key To U.S. Indo-Pacific Strategy
Recent news reports indicate that President Biden plans to block Nippon Steel’s proposed acquisition of U.S. Steel based on “national security” concerns, a justification that does not hold up to scrutiny. If these reports are accurate, Biden risks not only dashing the hopes of U.S. Steel’s 22,000 American workers and the communities they sustain economically but also undermining American national security in the process.
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