Will U.S. Steel-Nippon Deal Tensions Impact Auto Industry?
CLFCliffs(CLF) Zacks Investment Research·2024-04-10 22:26

Japan’s Prime Minister Fumio Kishida's visit to the United States has sparked discussions on bolstering military alliances and joint ventures in defense equipment. Amid these talks also looms the shadow of economic transactions, particularly the proposed acquisition of American industrial giant U.S. Steel (X) by Japan-based Nippon Steel, which has ignited concerns regarding national security and industry consolidation. Last month, U.S. President Joe Biden expressed his opposition to the deal. It’s not certa ...