Nippon Steel plans lawsuit after Biden's blocking of acquisition By Jiang Xueqing | chinadaily.com.cn | Updated: 2025-01-05 22:11

Nippon Steel plans lawsuit after Biden's blocking of acquisition By Jiang Xueqing | chinadaily.com.cn | Updated: 2025-01-05 22:11 https://www.chinadaily.com.cn/a/202501/05/WS677a9325a310f1265a1d90cb.html US President Joe Biden's blocking of Nippon Steel's proposed acquisition of US Steel is likely to be challenged in court, and has prompted concerns about future capital flow into the United States and the unfair treatment of Washington's allies, according to analysts.