According to a report by the Japan Economic News on January 4, President Biden has blocked the plan for Nippon Steel to acquire United States Steel, ordering Nippon Steel to "completely and permanently" terminate the acquisition within 30 days. Although Nippon Steel plans to sue the US government, the decision of the President cannot be overturned. Almost all methods to break the deadlock have been exhausted. Under the US system, regardless of whether the President's determination is reasonable, it is impossible to overturn Biden's decision through litigation. Nippon Steel may only hope to investigate procedural issues within CFIUS that led to Biden's decision and request a temporary suspension of the order's execution. Relevant officials in the Japanese government had believed that if there was any possibility for Nippon Steel to recover the situation, it would be through President Trump's administrative powers to overturn Biden's decision after taking office. However, Trump has made it clear that he is "completely opposed" to the Nippon Steel acquisition plan, and there has been no sign of a change in his stance so far. (Reference News)