Joe’s decision is incomprehensible. Biden to block the acquisition of US Steel by Nippon Steel, states Japan’s minister

Joji Muto’s Minister of Industry described the US President’s decision to prevent the planned takeover of US Steel by Japanese Colossus Nippon Steel. “It is incomprehensible and sad that Joe Biden’s government made such a decision citing concerns about national security,” said Japan’s Economy, Trade and Industry Minister in a announcement to a French agency. It is recalled that President Joe Biden yesterday (3,1205) decided to block the sale of United States Steel to Japanese Nippon Steel, ending a $14.1 billion deal that faced for months intense reactions and raising questions about the future of an American industrial giant