**Biden to Block Nippon Steel's $14 Billion Acquisition of U.S. Steel, Citing National Security Concerns**

Thu Apr 03 2025 04:02:15 GMT+0300 (Eastern European Summer Time)
**Biden to Block Nippon Steel's $14 Billion Acquisition of U.S. Steel, Citing National Security Concerns**

President Biden's impending decision could reshape foreign investment policies and U.S.-Japan relations.


The move against the significant acquisition underscores the growing scrutiny over foreign investments in sensitive American industries.



President Biden is poised to announce his decision to block a $14 billion takeover of U.S. Steel by Japan's Nippon Steel due to concerns over national security, as reported by sources close to the matter. The announcement is expected as early as Friday, marking a notable exercise of executive authority just weeks before the end of his presidency.

As a cornerstone of American industry based in politically pivotal Pennsylvania, U.S. Steel has been the subject of increasing scrutiny and political debate, especially in an election year. The decision reflects a potential shift away from the traditional U.S. stance on foreign investment, raising questions about how such actions might influence the confidence of global investors in acquiring American companies, especially in critical sectors.

The rationale for Biden’s anticipated move stems from a review by the Committee on Foreign Investment in the United States (CFIUS), which oversees such transactions. Though the committee did not provide a formal recommendation, it posited that the acquisition could threaten U.S. national security due to the possibility of declining American steel production if Nippon Steel's global interests took precedence over their commitments to invest in U.S. operations.

By opting to reject this acquisition, Biden signals a potential reevaluation of foreign investments, particularly from close allies like Japan, one of the largest sources of foreign investment for the United States. Consequently, this decision has implications that may reverberate through international economic relationships as well as U.S. industrial policy.

MORE ON THEME

Thu, 03 Apr 2025 00:40:47 GMT

Trump's New Tariffs Spark Global Reactions from Leaders

Thu, 03 Apr 2025 00:40:47 GMT
Wed, 02 Apr 2025 11:53:13 GMT

Death Penalty Sought for Man Accused of Killing UnitedHealthcare CEO

Wed, 02 Apr 2025 11:53:13 GMT
Wed, 02 Apr 2025 04:02:15 GMT

The Impending Uncertainty of Trump's 'Liberation Day' Tariffs

Wed, 02 Apr 2025 04:02:15 GMT
Tue, 01 Apr 2025 19:00:29 GMT

Former Taliban Envoy Detained at U.S. Airport Raises Concerns Over Immigration Policies

Tue, 01 Apr 2025 19:00:29 GMT
Tue, 01 Apr 2025 15:32:20 GMT

US Prosecutors Announce Death Penalty Intent for Luigi Mangione in CEO Murder Case

Tue, 01 Apr 2025 15:32:20 GMT
Tue, 01 Apr 2025 07:33:09 GMT

U.S. Imposes Sanctions on Chinese Officials for Human Rights Violations

Tue, 01 Apr 2025 07:33:09 GMT
Tue, 01 Apr 2025 03:39:45 GMT

International Student Exits US Amid Trump Administration Visa Revocation Controversy

Tue, 01 Apr 2025 03:39:45 GMT
Sat, 29 Mar 2025 16:32:54 GMT

Discovery of Military Documents in England Raises Concerns Over Security Protocols

Sat, 29 Mar 2025 16:32:54 GMT
Sat, 29 Mar 2025 04:22:49 GMT

Trump’s Shift: Embracing Autocracy in Global Diplomacy

Sat, 29 Mar 2025 04:22:49 GMT
Fri, 28 Mar 2025 09:33:12 GMT

Navigating Climate Change: Gardening Dreams and Realities

Fri, 28 Mar 2025 09:33:12 GMT
Fri, 28 Mar 2025 05:12:52 GMT

**Auto Industry on Edge as U.S. Tariffs Loom**

Fri, 28 Mar 2025 05:12:52 GMT
Fri, 28 Mar 2025 00:39:00 GMT

Putin Emphasizes Cooperation in Arctic Amid Greenland Remarks

Fri, 28 Mar 2025 00:39:00 GMT
Thu, 27 Mar 2025 21:21:41 GMT

**Canada's PM Mark Carney Declares End of Old Ties with the US Amid Tariff Conflicts**

Thu, 27 Mar 2025 21:21:41 GMT
Thu, 27 Mar 2025 16:51:59 GMT

Controversy Erupts as Journalist Exposes Sensitive Communication from Trump Officials

Thu, 27 Mar 2025 16:51:59 GMT
Thu, 27 Mar 2025 08:21:31 GMT

Global Repercussions of U.S. Auto Tariffs: A Shift in International Alliances

Thu, 27 Mar 2025 08:21:31 GMT
Thu, 27 Mar 2025 04:02:34 GMT

Challenges Hindering Private Investment in India's Economic Growth Despite Record Profits**

Thu, 27 Mar 2025 04:02:34 GMT
Thu, 27 Mar 2025 03:59:01 GMT

The Fallout from the Signal Chat Leak: Journalist Reacts to Trump's Accusations

Thu, 27 Mar 2025 03:59:01 GMT
Wed, 26 Mar 2025 22:50:30 GMT

Analysis of Sensitive Signal Chat Reveals Insights into US Military Operations in Yemen

Wed, 26 Mar 2025 22:50:30 GMT
Wed, 26 Mar 2025 22:16:17 GMT

**Trump's 25% Tariffs on Auto Imports Spark Economic Concerns and Call for Negotiation**

Wed, 26 Mar 2025 22:16:17 GMT
Wed, 26 Mar 2025 21:41:32 GMT

**Niger's Military Leader Takes Presidential Oath Amid Controversy**

Wed, 26 Mar 2025 21:41:32 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.