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...The Ohio lawmaker said it was “imperative” that the Biden administration “thoroughly examine” Nippon’s exposure to the Chinese steel industry with which it had been “fundamentally intertwined” for four decades...
...The administration has 45 days to decide whether to respond by opening an investigation....
...Developed markets have started taking extensive measures against imports from China, with the EU launching an anti-subsidy probe into Chinese EVs and the Biden administration recently raising security concerns...
...Meanwhile, the three parties in Scholz’s fractious coalition — Social Democrats, Greens and Free Democrats — argue openly over how to kick-start economic growth....
...It is up to his administration to articulate how a Nippon acquisition breaches any national security standards. So far, the case is not convincing. sujeet.indap@ft.com...
...Steel has none of the sensitivities of high-tech social media; US Steel is not a direct supplier to the military....
...Although US law gives the administration the power to block certain foreign acquisitions on national security grounds, Biden will not say outright that the deal should be blocked, according to people familiar...
...Read more on the president’s push to raise prices on imported Chinese steel and what it could mean for the election....
...The move on steel imports and probe into Chinese shipbuilding are the latest measures by the Biden administration to tackle what Washington views as unfair economic practices or national security issues....
...Large multinational companies are urging Joe Biden’s administration to keep politics out of any national security review of Nippon Steel’s purchase of US Steel after a bipartisan backlash to the deal in...
...McCall credited the Biden administration’s pro-industrial economic policies with creating more job and retirement security for his members....
...Joe Biden is preparing to oppose Nippon Steel’s proposed $14.9bn purchase of US Steel, a move that is likely to upset one of Washington’s closest allies but delight key voters in the rustbelt....
...Three Republican senators have called on the Biden administration to block Nippon Steel’s $14.9bn purchase of US Steel on national security, as the agreement faced the first signs of a potentially damaging...
...If you add in Biden’s opposition to Nippon Steel’s takeover of US Steel, it seems there is a lot of protectionism around in Washington nowadays masquerading as something else....
...Joe Biden has thrown his support behind an investigation of Nippon Steel’s purchase of US Steel on national security grounds, despite Japan’s status as one of Washington’s closest allies....
...US national security adviser Jake Sullivan has warned the Israeli government against “smashing into Rafah” as the Biden administration underlines its opposition to the planned assault on one of Gaza’s biggest...
...What about the national security implications of no longer being able to make “virgin” steel?...
...the Biden administration on national security grounds....
...The iPhone maker said on Friday that the Cyberspace Administration of China had ordered the applications’ removal from the Apple App Store in the country because of “national security concerns”....
...It was “absolutely outrageous” that it was selling to a foreign company, he said, because “steel is always about security”....
...by threatening to reimpose the suspended Trump-era Section 232 national security tariffs on steel and aluminium....
...But, within 48 hours of the Nippon Steel announcement, the vague spectre of national security concern has been invoked....
...The deal has been marred by delays, facing investigations by the US Securities and Exchange Commission and federal prosecutors....
...But even if US Steel were essential to national and economic security, since when has it become a threat to sell a nationally significant American company to a rival from arguably the US’s most important...
...Lighthizer successfully put pressure on Japan to limit exports of steel, cars and other goods as deputy trade secretary in the Reagan administration....
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