Latest News for: Nippon security

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Why Harris and Trump don’t want a Japanese company to buy US Steel

Vox 12 Sep 2024
While CFIUS would need at least a fig leaf of a national security reason to act, security is not necessarily the reason why Biden wants to block a sale to Nippon Steel ... Why Nippon looks like a threat.
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Nippon Steel publishes emails with U.S. union over acquisition

Asahi News 12 Sep 2024
Nippon Steel Corp ... Media reports have said the Biden administration plans to block the acquisition based on national security concerns. In a statement posted on the website, Nippon Steel said it had ...
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Steel union opposition dooms Nippon merger

NWA Online 12 Sep 2024
After spending more than a week trying to secure a meeting with the president of the United Steelworkers union, Nippon Steel's Takahiro Mori finally got an answer. It was not the one he wanted ... .
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Nippon Steel’s doomed effort to court union detailed in emails, letters

Detroit news 11 Sep 2024
After spending more than a week trying to secure a meeting with the president of the United Steelworkers union, Nippon Steel’s Takahiro Mori finally got an answer.
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Nippon Steel exec to meet U.S. officials over U.S. Steel buyout plan

Kyodo 11 Sep 2024
CFIUS has concluded that the acquisition deal poses security risks that cannot be mitigated by Nippon Steel, though the State Department and Defense Department do not agree with the conclusion, the paper reported earlier.
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Business groups warn Treasury of 'political interference' in Nippon Steel review

The Hill 11 Sep 2024
A cohort of business groups in Washington warned in a letter Wednesday that “political interference” threatens to derail the Japanese steelmaker Nippon Steel’s proposed acquisition of U.S ... The Nippon ...
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Biden Is Urged to Reconsider $14 Billion US Steel Takeover

Live Mint 11 Sep 2024
Steel will benefit American workers, local communities, and national security in a way no other alternative can,” Nippon Steel said in a statement.
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Two Iron Range mines are thrown into a political and corporate fray

MinnPost 11 Sep 2024
(CFIUS) said in a 17-page letter sent to Nippon Steel and U.S. Steel that decisions by Nippon could “lead to a reduction in domestic steel production capacity,” forming the Biden administration’s national security argument to block the merger.
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Business, auto groups urge officials not to let politics interfere with U.S. Steel deal

Detroit news 11 Sep 2024
Steel by Japanese company Nippon Steel ... "CFIUS should never become a tool for political posturing and should not morph into industrial policy masquerading as national security," the groups wrote ... Steel-Nippon Steel proposal.
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How a Japanese suitor misread politics with U.S. Steel bid, despite warning signs

Colorado Springs Gazette 10 Sep 2024
committee - which has the power to block foreign acquisitions on national security grounds - should have rung alarm bells at Nippon Steel, which was already fighting criticism from a labour union and U.S.
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White House to block Nippon Steel's plan to acquire US Steel

Beijing News 10 Sep 2024
The White House is reportedly considering blocking Nippon Steel's proposed acquisition of U.S ... CFIUS, which reviews deals with potential national security implications, is expected to deliver its recommendation soon.
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We need to know where the risks in supply chains really lie

The Irish Times 10 Sep 2024
The American economy remains relatively strong, but concerns about its security linger. From the Biden-Harris administration’s opposition to Nippon Steel acquiring US Steel, to proposed tariffs on ...
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Katsunobu Kato throws hat into the ring for LDP presidency

Asahi News 10 Sep 2024
He pledged that if he becomes prime minister, his administration would aim to “create a country trusted by the world and a society in which all people can feel secure.”.
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Biden's nixing of steel deal reveals little trust in ally

China Daily 06 Sep 2024
US President Joe Biden is reportedly prepared to block Japan's Nippon Steel's proposed acquisition of US Steel ... A spokesperson for Nippon Steel said in a statement. "We do not believe this transaction creates any national security concerns ...
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Analysis-Nippon Steel's US setback a wake-up for Japan Inc's foreign forays

Colorado Springs Gazette 06 Sep 2024
resistance to Nippon Steel's $15 billion U.S ... move to block Japan's Nippon Steel would be "very unsettling", one of the front-runners to become the next Japanese premier told Reuters, and could dent trust between the allies.

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