The United States and Japan are working "together to strengthen and build more resilient supply chains, critical minerals security, shaping the rules of things like artificial intelligence," said Secretary Blinken.
W ITHIN 24 HOURS on January 6th, two events took place that encapsulate the mixed legacy Joe Biden will leave in America’s relationship with Japan. That afternoon North Korea tested an intermediate-range ballistic missile,
Nippon Steel touted the $14.9 billion deal as a lifeline for its rusting US rival, but opponents warned that the Japanese firm would slash jobs -- despite assurances to the contrary.
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed to do in March.
TOKYO: Japan's prime minister on Monday (Jan 6) urged Washington to dispel concerns that a decision by Joe Biden to block Nippon Steel's takeover of US Steel could impact future investments.
US Secretary of State Antony Blinken was in Japan on Tuesday for talks expected to address North Korean missile launches, but President Joe Biden's blocking of a steel deal is straining the allies' warm ties.
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
South Korea's acting President Choi Sang-mok vowed to continue trilateral cooperation with Japan and the United States, saying on Friday his country's diplomacy remains steadfast despite an unprecedented political crisis at home.
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Donald Trump is scheduled to take charge as the President of United States of America on January 22 and will announce a slew of policy-related decisions. However, the US is likely to witness a slow GDP growth in 2025.
U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel casts a shadow over Secretary of State Antony Blinken's visit to Japan on Tuesday for farewell meetings with Washington's most important ally in Asia.