Is the acquisition of U.S. Steel a mission impossible for Nippon Steel?

Japan's largest steelmaker has brought the U.S. government to court as the latter has blocked the steelmaker's acquisition of an American firm. Why is Nippon Steel so obsessed with a loss-making company? Why would Washington say the deal threatens national security? What implications does a failed acquisition have for those hoping to invest in the U.S.? Host Tu Yun joins William Lee, the Chief Economist at the U.S.-based Milken Institute, Dr. Edward Lehman, the Founder and Managing Director of China-based law firm Lehman, Lee & Xu, and Dr. Zhou Mi, Deputy Director of the Institute of American and Oceania Study, Chinese Academy of International Trade and Economic Cooperation for a close look at the issue on this episode of Chat Lounge.