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GLOBALink | Nippon Steel fights back after Biden blocks U.S. Steel deal

GLOBALink | Nippon Steel fights back after Biden blocks U.S. Steel deal

Xinhua
13 Jan 2025, 14:15 GMT+

U.S. President Joe Biden blocked Japan's Nippon Steel's bid to acquire U.S. Steel, citing national security concerns. Nippon Steel CEO called the move politically motivated and vowed not to back down. The decision has sparked debate, with critics saying it could deter foreign investment in the U.S.

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