President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
Tag: Nippon Steel Corporation
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
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.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
How Swing State Politics Are Sinking a Global Steel Deal
As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
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.
Japan and US Seek to Strengthen Ties as Kishida Visits
Hovering over a state visit to Washington is the possibility of a swing in American foreign policy if Donald Trump returns to the White House.
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.
The $89,000 Verdict Tearing Japan and South Korea Apart
Millions of Koreans were conscripted as forced labor during the Japanese occupation. Now Korean courts say that aging workers can sue Japanese companies for damages.
A South Korean Ex-Chief Justice Faces Case-Rigging Accusations
The former Supreme Court chief justice is accused of conspiring with the government to manipulate its ruling on Japanese companies said to have used forced labor in wartime.