Loading...
Market
How will U.S.-Japan trade relations change by the end of 2025 following the blocked acquisition?
2
Resolution / Starting Odds
Strengthened relations • 25%
Weakened relations • 25%
No significant change • 25%
Increased tensions • 25%
Official trade agreements, governmental announcements, or trade analysis reports
Story
Biden Blocks $14.9 Billion Nippon Steel Acquisition of U.S. Steel, Prompting Legal Threat and Japan's Disappointment
Jan 4, 2025, 10:45 AM
President Joe Biden has blocked the proposed acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns. The decision, made public on January 3, 2025, halts a deal valued at $14.9 billion. Both Nippon Steel and U.S. Steel have expressed dismay over the decision, labeling it as a 'clear violation of due process and the law.' They are considering legal action against the U.S. government to contest the block. Japanese Economy, Trade and Industry Minister Yoji Muto has criticized the decision as 'incomprehensible and regrettable,' highlighting concerns about future investments between Japan and the U.S. The move, seen as one of Biden's last acts in office, marks the first time a U.S. president has blocked a takeover of a U.S. company by a Japanese firm, sparking discussions on the implications for U.S.-Japan relations and the steel industry's future.
View original story
Similar markets
Relations worsen • 25%
Relations improve • 25%
Significant diplomatic incident • 25%
Relations remain the same • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
No Significant Change • 25%
Weakened Relations • 25%
Uncertain Impact • 25%
Strengthened Relations • 25%
No official response • 25%
Diplomatic protest • 25%
Economic retaliation • 25%
Trade negotiations • 25%
Economic retaliation • 25%
Official protest • 25%
Seek diplomatic resolution • 25%
No official response • 25%
Yes • 50%
No • 50%
Formal protest filed • 25%
Diplomatic discussions initiated • 25%
No action taken • 25%
Trade relations affected • 25%
Other impacts • 25%
Improved U.S.-Japan relations • 25%
No significant change • 25%
Strained U.S.-China relations • 25%
Relations deteriorate • 25%
Formal trade dispute • 25%
Improved relations • 25%
Status quo maintained • 25%
Strained relations • 25%
Improved relations • 25%
Severe deterioration • 25%
No significant change • 25%
Formal diplomatic protest • 25%
Seek negotiations • 25%
No significant response • 25%
Economic retaliatory measures • 25%