The chief executive of Nippon Steel has warned that tariffs alone would not create a stronger American steel industry, as he pursued legal action aimed at persuading Donald Trump's incoming administration to launch another review of his proposed $15bn deal to buy US Steel.
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"The court case is important because it tests the outer bounds of the Executive Branch's authority to review foreign investments," said Anthony Rapa, co-chair of international trade at Blank Rome, a law firm.
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"Nippon Steel Chief Warns Trump That Tariffs Alone Will Not Strengthen US Industry," by Harry Dempsey was published in Financial Times on January 7, 2025.
