By blocking the acquisition of US Steel, President Joe Biden has irked Japan, one of Washington's closest allies whose firms are the biggest foreign investors in the United States.
But USSteel has said the deal is necessary to help shore up the company’s ailing business, which has been struggling to keep up with cheaper foreign steel – mostly from China – for decades.
Japan's main ruling Liberal Democratic Party is calling on the Japanese government to urge Washington to lift its ban on Nippon Steel's planned takeover of US Steel. The LDP called US President Joe ...
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