The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Tag: Committee on Foreign Investment in the United States (CFIUS)
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
U.S. House Passes Bill That Could Ban TikTok
The legislation received wide bipartisan support, with both Republicans and Democrats showing an eagerness to appear tough on China.
U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy
The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.
TikTok’s U.S. Future Still in Limbo as Commerce Secretary Visits China
Gina Raimondo, who is in China this week, has said banning TikTok could “lose every voter under 35, forever.”
Could U.S. Toughness on Chinese Business Have Unintended Consequences?
Businesses fear that efforts to look tough on Beijing, which have the potential to be more expansive than moves by the federal government, could have unintended consequences.
Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists
The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.
TikTok Pushed by U.S. to Resolve National Security Concerns
The demand hardens the White House’s stance toward the popular video app, which is owned by the Chinese internet company ByteDance.
Air Force Says Proposed Chinese-Owned Mill in North Dakota Is ‘Significant Threat’
A proposal for a corn mill, which had been welcomed as an economic development success, reflects just how much things have changed with Chinese investment proposals in the U.S.
TikTok Seen Moving Toward US Security Deal, but Hurdles Remain
A draft agreement with the Biden administration to keep the Chinese-owned video app operating in the United States is under review. That could mean more wrangling.