US Steel CEO called US President Joe Biden's decision to block the acquisition of an American steel company by Japanese concern Nippon Steel a disgrace and an example of political corruption. (www.ussteel.com)

submitted 3 days ago* (last edited 3 days ago) by yogthos@lemmy.ml to c/usa@lemmy.ml

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[-] freagle@lemmygrad.ml 3 points 3 days ago

Possible sign that Japan is slowly leaving the imperial orbit and moving closer to China?

[-] yogthos@lemmy.ml 3 points 3 days ago

At the very least it looks like they're hedging their best. I imagine being back stabbed by the US continuously is helping them realize that they need to broaden their options.

[-] freagle@lemmygrad.ml 3 points 3 days ago

Sure, but the fact that the US did this could be evidence that they see Japan as a flight risk

[-] yogthos@lemmy.ml 3 points 3 days ago

Possibly, although realistically they'd just take it back if Japan started doing something the US saw as a threat.

[-] freagle@lemmygrad.ml 3 points 3 days ago

Not so much a threat as much as just accruing profits.

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this post was submitted on 04 Jan 2025

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