President Joe Biden believes Japan’s Nippon Steel’s planned acquisition of US Steel deserves “serious scrutiny” due to national security and supply chain concerns, a top White House official said Thursday.
Biden “welcomes manufacturers around the world building their future in America with American jobs and American workers,” said White House National Economic Adviser Lael Brainard.
A very comprehensive concept of management
Yet in the proposed agreement. “However, he believes the acquisition of this iconic American company by a foreign company — even from a close ally — deserves serious scrutiny given its potential impact on national security and supply chain reliability.”
A carefully worded comment, it would send a negative signal to the rest of the world if Biden’s administration, through the Interim Committee on Foreign Investment in the United States, blocked the deal on national security grounds. The openness of the US economy to foreign investment.
