United States Steel Corporation’s Post

M&A and foreign policy don’t mix! Given the close relationship between the United States and Japan, it is crucial to keep politics out of the regulatory process. Although election year politics may make it tempting for some in Washington to use this as a campaign issue, it is not in the best interest of the US in the long run. By keeping politics out of the regulatory process, we can ensure fair and equitable treatment of businesses and maintain a healthy trade relationship with Japan. #mergersandacquisitions #Japan #trade #antitrust

Business getting hijacked by politicians...welcome to election year M&A. Great job by Liz Hoffman in spotlighting what is already a hot topic in the upcoming election(s). "Some of the year’s biggest mergers are being tripped up by politicians preening for voters and riding a broader wave of economic protectionism that has accelerated since the pandemic." Even here in our little corner of the world that is the Tokyo legal recruitment market, election year is influencing hiring decisions and strategy. With Japan sandwiched between the US and China, particularly in a business context, there's no escaping the influence of overseas politics. And not just in the US; "half of the world’s population will vote in a national election this year". May we all get through this year's elections safely, smoothly, and with minimal preening and grandstanding (fat chance that may be!). Finally, I take it that the voice of disagreement has never heard of LTCB when he proclaims that Japan would take a different approach: “I find it very hard to believe that Japan would let a US firm swoop in and purchase a historic, legacy company in such a critical industry." https://lnkd.in/dAK9JTfd

The US election result can affect stock markets around the world: “In the US, the market's eye is especially on taxation and trade policy,” Citi’s economist Veronica Clark in an interview with Kauppalehti 🇫🇮 today, discussing key themes for the stock market to watch in regards to the possible outcomes of the US presidential election. Article here👇 https://lnkd.in/dUqrFXBv #CitiResearch #GlobalEconomy #CitiFinland #CitiNordics Terhi Paloheimo Erik Savola Ulrik Hesselballe Susannah Gullette

It's an interesting optic.

Germany will abstain during Friday's EU Council vote on the CSDDD, Federal minister for Labor and Social Affairs Hubertus Heil has now confirmed. Heil had to give in to demands from the co-ruling liberal party. "While Germany alone cannot block the law's approval, its abstention would be seen as a substantial sign of disapproval which other countries unhappy with the law could follow." Other countries that have voiced concerns related to the CSDDD include Sweden, Estonia, Lithuania, and the Czech Republic (https://lnkd.in/d2CNdhWs). Oddest thing: German business associations and companies pushed for the CSDDD to level the playing field within Europe (as Germany already had a supply chain law). The CSDDD took over 3 years to negotiate and reflects a carefully balanced compromise between 27 member states and the EU parliament. Failure is not an option... #csddd

Pleased to speak to Rintaro Tobita of Nikkei and Nikkei Asia on the Nippon Steel Corporation-U.S. Steel deal deal now that it's in CFIUS review and the general presidential campaign is kicking off. Neither Trump or Biden have explicitly said anything that would categorically sink the deal, as their emphasis have been on protecting American jobs and union workers. We'll see how that changes in the next 9 months, but each candidate has wiggle room on this issue. #steel #2024election #japan

In the wake of  Labour's election victory, PwC UK's Marco Amitrano has set out what business leaders need to see from the new Government in terms of a UK industrial strategy. Read his The Times article.. #IndustrialStrategy #Growth #PwC

The political and economic implications of Nippon Steel's bid to acquire US Steel, focusing on President Biden's opposition to the deal as part of his strategy to protect domestic industry. This move has potential repercussions for US-Japan relations and could influence the upcoming elections. Negotiations involving the United Steelworkers union add another layer of complexity to the situation. The decision remains highly sensitive and politically charged. You can read the full article [here](https://lnkd.in/eMdre4da).

Trump’s Agenda: Wins, Wrangles, and What’s Next During his tenure in office, President Donald Trump’s #policy #agenda sparked #significant #debate and #scrutiny. This article provides an in-depth examination of Trump’s key policy #initiatives across various #domains, shedding light on both the #achievements and controversies surrounding his administration’s #approach. #thinktankjournal #thinktank #donaldtrump #Trump #Trump2024 #TRUMP2024ToSaveAmerica #Trump2024TheOnlyChoice #trumpsupporters #trumpetplayer U.S. Embassy Islamabad, Pakistan U.S. Department of State The White House #usa #USElections #elections #election #jobs #jobsearch #jobseeker