Japanese giant defends U.S. Steel takeover after Biden comes out against the deal
In the wake of President Joe Biden’s opposition to the proposed acquisition of U.S. Steel by Japanese steelmaker Nippon Steel, the latter has stood firm in its defense of the deal. This move has sparked a heated debate within the industry and among stakeholders. Challenges to the Acquisition Deal Despite the backlash from the Biden administration, Nippon Steel remains resolute