Japanese Prime Minister Shigeru Ishiba warned Monday of potential repercussions for bilateral trade following U.S. President Joe Biden’s decision to block a $14.1 billion acquisition of United States Steel Corp. by Nippon Steel Corp.
His remarks come as the Japanese steelmaker, the world’s fourth-largest by production volume, prepares to file a lawsuit over Biden’s decision, which was announced Friday. An executive said the company will hold a press conference on Tuesday.
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