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

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...