This agreement includes a golden share for the US government, allowing it to veto significant business decisions and appoint a board member. 

Nippon Steel seals $14.9 billion US Steel deal with Trump’s golden share veto: CEO says ‘we won’t be constrained’

World news: The decision has drawn sharp criticism from Japan. Japan’s industry minister, Yoji Muto said, “It is incomprehensible and regrettable that the Biden administration has made this kind of decision, citing national security concerns.” 

'Incomprehensible': Ally Japan fumes as Biden blocks Nippon-US Steel deal over 'security concerns'

The United States has allowed Nippon steel to refile its $14.9 BN bid for US steel. This decision pushes the review process past the upcoming presidential elections highlighting the mergers complex implications for national security, jobs and steel supply chain. Watch to know more.

US steel deal faces national security review

Shares of U.S. Steel plummeted by almost 18 per cent on Wednesday, following reports that the White House is poised to block the company's acquisition by Japanese steel giant Nippon Steel.

U.S. Steel shares plummet amid White House action against Nippon steel takeover

The European Union (EU) has granted approval for Japan's Nippon Steel to acquire US Steel in a deal worth $14.9 billion. According to Reuters, the decision by the European Commission comes amid political opposition in the US, with concerns raised about national security and possible job losses.

EU approves Nippon Steel’s $14.9 bn acquisition of US Steel despite opposition

Russia said it was "concerned" by US President's decision to impose steep tariffs on steel, and Germany "rejected" the move outright.

Trade wars are good and easy to win: Trump

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