On January 3, local time, President Biden officially blocked Japan's Nippon Steel Corporation from acquiring United States Steel, citing that the move could harm the National Security of the United States. Nippon Steel believes that the review process by the Committee on Foreign Investment in the United States regarding the acquisition plan is unfair and is currently preparing to file a lawsuit. Yuuki Uchiyama, a political science professor at the University of Tokyo, believes that both the current President Biden and President-elect Trump have expressed opposition to the acquisition plan, making it difficult to reverse the situation through legal means. Yuuki Uchiyama, professor of political science at the University of Tokyo: Ultimately, this is a decision made by the president; even if a lawsuit can proceed and there exists a possibility for Nippon Steel to win, this process will take time and is likely to be difficult. (CCTV News)