Market
What diplomatic actions will Japan take in response to the blocked Nippon Steel acquisition by end of 2025?
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Joe Biden•Biden•Nippon Steel•CFIUS•United Steelworkers•Japanese government•Shigeru Ishiba•Yoshimasa Hayashi•Japan•Eiji Hashimoto
Resolution / Starting Odds
Formal protest filed • 25%
Diplomatic discussions initiated • 25%
No action taken • 25%
Trade relations affected • 25%
Official statements from the Japanese government or international diplomatic records
Story
Nippon Steel Sues Biden Over Blocked $14.9 Billion U.S. Steel Deal, Citing Unlawful Interference
Jan 6, 2025, 04:26 PM
Nippon Steel Corp. has initiated legal action against U.S. President Joe Biden and the U.S. government following Biden's decision to block Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel Corp. The company filed a lawsuit seeking to overturn the order and request a new review by the Committee on Foreign Investment in the United States (CFIUS). Nippon Steel alleges that the decision was influenced by unlawful political interference from Biden, aimed at securing support from the United Steelworkers union. Additionally, Nippon Steel and U.S. Steel have filed a separate lawsuit against the union's president and the CEO of Cleveland-Cliffs, accusing them of illegal actions to prevent the transaction. The Japanese government, through Prime Minister Shigeru Ishiba and Chief Cabinet Secretary Yoshimasa Hayashi, has expressed regret over the decision, citing concerns about future investments between Japan and the U.S. Nippon Steel's Chairman Eiji Hashimoto has vowed to continue pursuing the acquisition, asserting that there is no reason or need to abandon the deal.
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Formal diplomatic protest • 25%
Economic retaliatory measures • 25%
No significant response • 25%
Seek negotiations • 25%
Economic retaliation • 25%
Official protest • 25%
Seek diplomatic resolution • 25%
No official response • 25%
No official response • 25%
Trade negotiations • 25%
Diplomatic protest • 25%
Economic retaliation • 25%
Other • 25%
Negotiation for a new deal • 25%
Legal action • 25%
Withdrawal from U.S. market • 25%
Abandon acquisition plans • 25%
Propose revised terms • 25%
Pursue legal action • 25%
Seek alternative partnerships • 25%
Legal action against U.S. • 25%
Negotiation with U.S. government • 25%
Abandon acquisition plans • 25%
Pursue alternative acquisition • 25%
Other • 25%
Legal Challenge • 25%
Negotiation for Terms • 25%
Abandonment of Deal • 25%
U.S. Steel seeks other buyers • 25%
Joint statement for reconsideration • 25%
Nippon Steel challenges decision • 25%
No significant reaction • 25%
Significant diplomatic incident • 25%
Relations worsen • 25%
Relations remain the same • 25%
Relations improve • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%