A United States National Security Council is at an impasse in reviewing Japan's Nippon Steel's acquisition of United States Steel, opening the door for President Joe Biden to take action to block the Trade. Sources reveal that the Committee on Foreign Investment in the United States (Cfius) referred the case to Biden's office before the deadline on Monday. Proponents were informed that the committee could not reach a consensus, meaning it will be up to Biden to make the final decision. Biden has long opposed this Trade, repeatedly claiming that United States Steel should remain domestically owned and operated. Although the White House has never explicitly stated this, it is reported that Biden still plans to block the Trade. After the referral from the Committee on Foreign Investment in the United States, he has 15 days to announce his decision. White House spokesperson Saloni Sharma said on Monday evening, 'We have received the Cfius assessment, and the President will review it.' She declined to comment further. Both companies have stated that they plan to resort to legal action if the Trade is denied.
Cfius难以抉择 日本制铁收购美国钢铁的交易将由拜登做决定
Cfius finds it difficult to make a decision; the Trade of Japan's Nippon Steel acquiring United States Steel will be decided by Biden.
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