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What will be the Japanese government's response to the blocked acquisition by mid-2025?
2
Resolution / Starting Odds
Official protest • 25%
Economic retaliation • 25%
Seek diplomatic resolution • 25%
No official response • 25%
Official statements from the Japanese government or major news outlets
Story
Biden Blocks Nippon Steel's $14.9 Billion U.S. Steel Acquisition on National Security Grounds
Jan 3, 2025, 01:36 PM
President Joe Biden has officially blocked Nippon Steel's proposed acquisition of U.S. Steel for $14.9 billion, citing national security concerns. Announced on Friday after a year-long review, the decision effectively ends the contentious merger plan between the once-iconic American company and Japan's largest steelmaker. Biden stated, 'Without domestic steel production and domestic steel workers, our nation is less strong and less secure.' The move has sparked political tensions between the United States and Japan. U.S. Steel has indicated that, without the deal, it may have to close down steel mills.
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No official response • 25%
Diplomatic protest • 25%
Trade negotiations • 25%
Economic retaliation • 25%
No significant response • 25%
Economic retaliatory measures • 25%
Seek negotiations • 25%
Formal diplomatic protest • 25%
Formal protest filed • 25%
No action taken • 25%
Diplomatic discussions initiated • 25%
Trade relations affected • 25%
Withdrawal from U.S. market • 25%
Other • 25%
Legal action • 25%
Negotiation for a new deal • 25%
Abandon acquisition plans • 25%
Propose revised terms • 25%
Pursue legal action • 25%
Seek alternative partnerships • 25%
Increased tensions • 25%
No significant change • 25%
Weakened relations • 25%
Strengthened relations • 25%
Nippon Steel challenges decision • 25%
U.S. Steel seeks other buyers • 25%
No significant reaction • 25%
Joint statement for reconsideration • 25%
Abandon acquisition plans • 25%
Pursue alternative acquisition • 25%
Legal action against U.S. • 25%
Negotiation with U.S. government • 25%
Other • 25%
Legal Challenge • 25%
Negotiation for Terms • 25%
Abandonment of Deal • 25%
Yes • 50%
No • 50%
Relations improve • 25%
Significant diplomatic incident • 25%
Relations worsen • 25%
Relations remain the same • 25%