Biden blocks Nippon Steel's $14.9B U.S. Steel bid, sparking tensions during Blinken's Japan visit amid efforts to strengthen alliances against China.
U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel has cast a shadow over Secretary of State Antony Blinken's visit to Japan, raising concerns about U.S.-Japan ties.
Announced Friday, the decision comes as the U.S. seeks stronger alliances with Japan and South Korea to counter China's military expansion.
Japanese Prime Minister Shigeru Ishiba called the move "perplexing," and analysts warn it may deter foreign investment, though its impact on broader U.S.-Japan relations is expected to be limited due to shared security concerns. Nippon Steel and U.S. Steel have filed a lawsuit against Biden, claiming the merger was blocked under a "sham" national security review.
Blinken, joined by National Security Adviser Jake Sullivan, met Japanese Foreign Minister Takeshi Iwaya and emphasized the enduring strength of U.S.-Japan ties. The visit aims to build on trilateral cooperation with South Korea, despite political challenges in Seoul.
While Japan sees the merger's rejection as a setback, experts note Japan is unlikely to let it damage its strategic partnership with the U.S. However, business lobbies on both sides argue the decision could harm efforts to create secure supply chains, potentially benefiting China.
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U.S. Secretary of State Antony Blinken’s farewell visit to Japan faced tension following President Joe Biden’s decision to block Nippon Steel’s $14.9 billion bid for U.S. Steel, sparking concerns about its impact on U.S.-Japan relations.
U.S. Secretary of State Antony Blinken will visit South Korea, Japan, and France from January 4-9 to address regional security, Indo-Pacific cooperation, and global challenges.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Russia’s Foreign Minister Sergei Lavrov has urged the U.S. to avoid actions that could intensify the war in Ukraine, citing President Donald Trump’s past support for dialogue.
Russia has expressed its readiness to resume peace talks with Ukraine in Istanbul, according to a statement by a Russian foreign ministry official, Alexei Polishchuk, quoted by the state news agency TASS on Wednesday.
Streets and homes in Taiwan's Yilan County were left inundated with mud and rubble on Wednesday (12 November) after floodwaters swept through residential areas, forcing residents to wade through puddles of water and clear debris from damaged homes.
Iran is facing its worst water crisis in decades, with officials warning that Tehran, home to over 10 million people, could become uninhabitable if the ongoing drought persists.
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