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.
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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