Experts criticize Biden's inclination to block the Nippon Steel acquisition of US Steel, warning he could harm US competitiveness and relations with Japan.
Nippon Steel and its predecessors elevated Japan's industry to global levels. The giant continues to evolve with emerging trends, including the rise of EVs.
The Chinese government under Xi Jinping refuses to address its overproduction or other countries' suspicions that it uses fundamentally unfair trade practices.
If Nippon Steel can successfully develop the technology use hydrogen in place of convention coal in steelmaking, it could cut CO2 emissions by up to 50%.
Navigating union resistance and China's steel production dominance, the Nippon Steel buyout faces heightened acquisition challenges amid US election dynamics.
