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Biden to Decide on US Steel Takeover After CFIUS Deadlocks
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Let Biden be the "canary in the coal mine": the acquisition case by Nippon Steel surprisingly caused USA CFIUS officials to collectively give up.
① The acquisition of United States Steel by Japan's Nippon Steel has become a dilemma for American politics, with the Committee on Foreign Investment in the United States stating that it is in a stalemate and unable to reach a consensus on the risks of the trade; ② Due to opposition from Biden, Harris, and Trump regarding the acquisition, political pressure has affected the committee's stance; ③ The committee has chosen to let Biden make the final decision, and it is currently unclear whether Biden will block the trade.