Japanese Prime Minister Shigeru Ishiba in Tokyo on January 13, 2025. JIJI PRESS/AFP The decision of the President of the United States, Joe Biden, to block the acquisition of the American steel giant US Steel by his Japanese counterpart , Nippon Steel, continues to agitate diplomatic and legal circles. The business world is not left out. Sensing the right move, Lourenco Goncalves, the fiery CEO of the American steelmaker Cleveland-Cliffs, said he was ready, on Sunday January 12, to acquire US Steel. For him, Japan is “worse than China”, and Cleveland-Cliffs is the only company capable of protecting the national security of the United States. Read also | Joe Biden blocks the takeover of the big name in American steel US Steel by the Japanese company Nippon Steel Read later The businessman has never hidden his interest in US Steel, but the Pittsburgh (Pennsylvania) giant preferred the Japanese steelmaker. Which, it seems, he did not digest. He seeks to take advantage of the imbroglio born after the blocking, on January 3, of the Japanese-American project, which sparked an outcry on both sides of the Pacific. On January 13, Japanese Prime Minister Shigeru Ishiba requested clarification from the American president, whose position remains unclear – he blocked the project but authorized the extension, until June 18, of the one-month deadline. to the two steelmakers to put an end to their merger. You have 82.24% of this article left to read. The rest is reserved for subscribers.
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Author : News7
Publish date : 2025-01-18 07:44:06
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