Politicians say Nippon Steel’s Chinese links are a risk in its proposed merger with U.S. Steel, though the Japanese company’s presence in China is small.
It was supposed to be a marquee deal fusing together two allies. Instead, four months after Nippon Steel proposed a $14 billion merger with U.S. Steel, the deal has become mired in election year politics and a protracted national security review.
An excerpt from the letter sent by Ohio senator Sherrod Brown to President Biden, April 1, 2024. Credit: Sherrod Brown's official website
Opposition from the United Steelworkers union — which represents roughly half of U.S. Steel’s empl
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