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Sen. Brown: Admin must assess Nippon Steel’s ties to China

April 2, 2024 at 2:10 PM
The Biden administration, in assessing the potential acquisition of U.S. Steel by Nippon Steel, should pay close attention to the Japanese company’s ties to China, Sen. Sherrod Brown (D-OH) said this week, arguing the deal would erode U.S. economic security amid the administration’s efforts to reduce reliance on Beijing. In a letter on Monday to President Biden, Brown, a critic of the proposed deal, argued that Nippon’s “relationship with and exposure to the Chinese steel industry” must be considered as...

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