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Stop the steel

Today, Explained

Steel Acquisition: Politics and Partnerships

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This chapter examines the contentious bid from Japan's Nippon Steel for U.S. Steel, spotlighting concerns from the White House regarding foreign ownership amid ongoing economic challenges. It discusses the implications for American labor and the political landscape, especially with the upcoming 2024 election influencing President Biden's stance. Additionally, the chapter highlights the national security evaluations conducted by CFIUS and the complex relationship between U.S. allies and domestic industry needs.

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