US warned Nippon its US Steel bid poses a national security risk, sources say
By Alexandra Alper and David Shepardson
WASHINGTON, Sept 4 (Reuters) -The Biden administration told Nippon Steel 5401.T in a letter on Saturday its $14.9 billion acquisition of U.S. Steel X.N would pose a national security risk by harming the American steel industry, three people said, adding to evidence the U.S. is poised to block it.
The deal faces opposition from numerous Democrats and Republicans, with Vice President and Democratic presidential candidate Kamala Harris saying on Monday she wants U.S. Steel to remain "American owned and operated." Her Republican rival Donald Trump has pledged to block the deal if elected.
In the letter, which has not been previously reported, the Committee on Foreign Investment in the United States (CFIUS) said the deal would damage American steel production and decrease the likelihood that U.S. Steel would continue to aggressively seek trade remedies, the people who were familiar with the matter said, adding that the companies were given until Wednesday to respond.
"The committee has identified risks to the national security of the United States arising as a result of the transaction," the letter said, according to one of the sources.
In their written response, excerpts of which were shared with Reuters, the companies echoed concerns revealed publicly by U.S. Steel on Wednesday. "Rejection of this transaction will lead to the idling of U.S. Steel's blast furnace facilities; ... likely cost thousands of jobs; and ultimately weaken the quality and resiliency of steel supply to U.S. industries."
The U.S., they added, was "acting in this matter not on the basis of the facts, the law, or the United States national security interests, but on the basis of politics and the cynical exploitation thereof by third parties."
The White House declined to comment. The Treasury Department, which leads CFIUS, did not respond to a request for comment.
Spokespeople for Nippon Steel and U.S. Steel declined to comment on the letter but referred Reuters to prior statements arguing that the deal does not create any national security concerns and would strengthen the U.S. steel industry.
"We fully expect to pursue all possible options under the law to ensure this transaction, which is the best future for Pennsylvania, American steelmaking, and all of our stakeholders, closes," the spokesperson for U.S. Steel added.
Reporting by Alexandra Alper; Editing by Chris Sanders, Anna Driver and Muralikumar Anantharaman
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
