Jonathan Grady is founding principal of The Canary Group, an artificial intelligence-driven forecasting service based in New York.
Nippon Steel's $15 billion bid to acquire U.S. Steel, now blocked, underscores the pivotal role local politics can play in cross-border deals. By uniting political opposites Donald Trump and Joe Biden in opposition, the high-profile M&A battle illustrates how local politics can derail even the most promising global strategies.
