Jaoan's Nippon Steel has filed several lawsuits in US courts after the US administration led by president Joe Biden blocked the proposed $14.9 billion acquisition of US Steel based on, in part, national security grounds, according to a January 3 White House memo.
The proposed deal had caused controversy during the 2024 US presidential election as the candidates, Donald Trump and Kamala Harris, sought to gain votes through an anti-deal stance as they tried to take a more America first’ approach to the steel industry.
In a January 6 news release, the Japanese firm said the first lawsuit filed in the US Court of Appeals...
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