Will China Stymie A Steel Deal?

Then Nippon Steel President Eiji Hashimoto (left) and then Vice President Tadashi Imai attend a press conference to announce a change in leadership, Tokyo, January 12, 2024. Imai is now serving as Nippon's President, effective April 1, 2024. *Credit: The Yomiuri Shimbun via AP Images*

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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Will China Stymie A Steel Deal?

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.

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Face-Off: U.S. vs. ChinaA podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.

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Face-Off: U.S. vs. China
A podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.