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Japan PM asks Biden to allay business community concern over status of Nippon steel-U.S. Steel deal, Jiji says

Japanese Prime Minister Fumio Kishida has requested that U.S. President Joe Biden address the concerns of the Japanese business community regarding the proposed acquisition of U.S. Steel by Nippon Steel. This request was made during a meeting in Washington, as reported by Jiji news agency. The deal, valued at $14.9 billion, has faced opposition from some U.S. politicians and the United Steelworkers union, who argue it could compromise national security and affect union jobs. Despite these concerns, Nippon Steel has assured that it will honor existing labor agreements and maintain production levels. The discussion comes at a time when both countries are looking to strengthen their economic ties, with Japan being a significant investor in the U.S. economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/japan-pm-asks-biden-to-allay-business-community-concern-over-status-of-nippon-steel-u-s-steel-deal-jiji-says/ar-BB1rkTWb ]