WASHINGTON -- Calls from American lawmakers to block Nippon Steel's acquisition of U.S. Steel have left some observers puzzled over American priorities and the Biden administration's strategy of "friendshoring" supply chains to trusted countries.
Business deals
U.S. Steel takeover opposition sends wrong message to Japan: analysts
Nippon Steel's $14bn acquisition triggers harsh language against key ally
Nippon Steel's plan to buy U.S. Steel has hit home for lawmakers representing states where the storied American steelmaker is an employer. © Reuters
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