From Washington: President Biden Blocks Steel Deal

In his final days in office, President Joe Biden blocked a $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel. Last March, the President expressed his disapproval of a foreign company purchasing an American business, emphasizing the importance of keeping it a U.S. company. The White House remains firm in its decision, stating that the choice is primarily focused on defense and supply chain considerations. Bob Tita, a reporter covering the manufacturing and metals industries for The Wall Street Journal, discusses President Biden’s decision and its potential impact on the nation. Former President Jimmy Carter died at the age of 100 and will lie in state at the U.S. Capitol this week. Senior Fellow at the Council on Foreign Relations, Ray Takeyh explains the impact of President Carter’s decisions for the nation during his time as the 39th President, specifically regarding the Middle East. Ray looks at the lasting legacy of the Camp David Accords, America’s relationship with Iran, and the normalization of relations with China.
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