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Nippon Steel
Senators urge White House to investigate Nippon Steel ties to China
...All three senators are from states where the United Steelworkers union has a large presence....
April 2, 2024
US-China trade dispute
US steel unions urge Joe Biden to open probe into Chinese shipbuilding
...critical swing state of Pennsylvania....
March 12, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
UK universities
Imperial academics worked with Chinese military-linked institutions
...Trevor Taylor, director of the defence, industries & society programme at the Royal United Services Institute, said the research identified by the FT was not on topics “publicly noted by western states as...
March 5, 2024
US-China trade dispute
Joe Biden calls for tripling of tariffs on Chinese steel
...US President Joe Biden is pushing for tariffs to triple on Chinese steel and aluminium, as he seeks to boost union support in the swing state of Pennsylvania....
April 17, 2024
US trade
Joe Biden declares opposition to Nippon Steel’s takeover of US Steel
...Trump, who has also courted union workers in Pennsylvania and in other big industrial states, last month vowed to “absolutely” block the Nippon Steel deal if elected to another term in the White House....
March 15, 2024
United States Steel Corp
Multinationals urge Janet Yellen not to let politics stop US Steel deal
...US Steel, which is a symbol of US manufacturing prowess, has plants in Pennsylvania and Michigan, two states Biden is likely to need to win to retain the presidency in November’s election....
January 24, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
US politics & policy
Joe Biden set to voice concerns over Nippon Steel takeover of US Steel
...Pennsylvania is a crucial electoral swing state in this year’s presidential election between Biden and Donald Trump....
March 13, 2024
FirstFT
FirstFT: Biden to call for higher tariffs on Chinese steel imports
...US President Joe Biden is pushing for tariffs to triple on Chinese steel and aluminium, as he seeks to boost union support in the swing state of Pennsylvania....
April 17, 2024
The FT ViewThe editorial board
The contrasting tales of TikTok and Nippon Steel
...US Steel is headquartered in Pennsylvania, a vital swing state in November’s presidential election. Donald Trump has said he would block the Nippon deal — posing a dilemma for Biden....
March 19, 2024
Michael Strain
Protectionism is running amok in the US
...It was once the largest corporation in the world, and its plants lined the banks of Pennsylvania’s Monongahela River. The closure of those plants was lamented in a song by Bruce Springsteen....
March 18, 2024
FirstFT
FirstFT: Effort to crack down on TikTok gains steam in US Congress
...Biden’s call to increase tariffs comes as his campaign tries to shore up support among union workers in the swing state of Pennsylvania, which could play a decisive role in November’s US presidential election...
April 17, 2024
US politics & policy
Nippon Steel takeover of US Steel faces opposition in Washington
...“[Cfius] can and should block the acquisition of US Steel by NSC, a company whose allegiances clearly lie with a foreign state and whose record in the United States is deeply flawed,” wrote JD Vance of Ohio...
December 19, 2023
United States Steel Corp
Nippon Steel agrees to buy US Steel for $14.9bn
...The deal drew a furious response from the United Steelworkers union, which said that neither US Steel nor Nippon Steel had consulted it....
December 18, 2023
US politics & policy
Joe Biden calls for investigation of Nippon Steel takeover bid for US Steel
...US Steel has plants in Pennsylvania and Michigan, two states Biden is likely to need to win to clinch re-election in November....
December 21, 2023
FirstFT
FirstFT: Joe Biden to intervene in $15bn steel deal
...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....
March 14, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
FT Swamp Notes
Will steelworkers be the swing vote in 2024? Premium content
...Indeed, if they appear to dither, it will hurt Biden in Pennsylvania, home of the United Steelworkers and a key swing state....
March 18, 2024
Due Diligence
Could the ‘trustbusters’ be making a comeback?
...Brian Reissaus, former head of the Committee on Foreign Investment in the United States, has joined Freshfields as a senior adviser on national security. Smart reads Crime . . ....
December 19, 2023
News in-depthJapanese business & finance
Nippon Steel’s US bet could be ‘catalyst’ unleashing Japan M&A wave
...“[Cfius] can and should block the acquisition of US Steel by NSC, a company whose allegiances clearly lie with a foreign state and whose record in the United States is deeply flawed,” wrote JD Vance of Ohio...
December 20, 2023
FT Magazine
Battle for the American West
...“The whole corner-crossing stuff is so up-in-the-air in the state.” If corner crossing ever made it to the state Supreme Court, one surmised, it would be legalised....
April 13, 2024
News updates from August 24: Brics invites six nations to join, Putin confirms Prigozhin’s death
Esmark ends pursuit of US Steel after union supports Cleveland-Cliffs bid
...A privately held industrial group said on Wednesday it would end its attempt to buy United States Steel, citing the United Steelworkers union’s preference for another contender....
August 23, 2023
Due Diligence
Biden and Sunak meddle in two big deals Premium content
...The United Steelworkers union — which like US Steel is based in Pittsburgh, Pennsylvania — has opposed the takeover....
March 14, 2024
News updates from August 23: Plane carrying Prigozhin crashes, Nvidia beats Wall Street estimates
Esmark ends pursuit of US Steel after union supports Cleveland-Cliffs bid
...A privately held industrial group said on Wednesday it would end its attempt to buy United States Steel, citing the United Steelworkers’ preference for another contender....
August 23, 2023
Rupert Murdoch
Rupert Murdoch resolves his own succession drama — for now
Family and strategic questions may test Lachlan Murdoch as he inherits the influential media empire
September 22, 2023
Due Diligence
Coming soon: the €6bn AHO telco LBO?
...The $15bn deal that could revive Japanese dealmaking Nippon Steel’s $14.9bn purchase of US Steel has ruffled feathers on both sides of the aisle in Washington, in part because the United Steelworkers union...
December 21, 2023
Andrew Edgecliffe-Johnson
Pursuit of a modern-day US steel industry leader will test Biden’s trustbusters
...America is fond of big things, the Financial Times of 1901 remarked as it marvelled at the creation of the new United States Steel Corporation....
August 20, 2023

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