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Japan Steel CoHope to buy U.S. Steel,This is an unprecedented large-scale transaction and the largest overseas merger and acquisition ever undertaken by a Japanese company. However, Biden in the United States is not happy,He personally came forward to demand a security review of the deal, claiming that it could affect the reliability of the *** and ** chains in the United States.
Is this what the Americans really think?Or do they have some other purpose?Why did Nippon Steel spend so much money to buy U.S. Steel?What does this mean for the relations between China, the United States, and Japan?
The reasons why the Americans oppose Nippon Steel's acquisition of American steel are twofold:One is the political aspect, and the other is the economic aspect.
Politically, Biden needs to maintain his image and votes. U.S. Steel is one of the symbols of American manufacturingBehind it is a powerful union organization, the United of American Steelworkers (USW).
USW is one of Biden's supporters,It opposed Nippon Steel's takeover, arguing that it would harm the interests of American steelworkers and the influence of the unions. Biden had to express support for the Nippon Steel acquisition in order to win the support of the USW, as well as votes in swing states such as Pennsylvania and Michigan, for a security review.
In addition,U.S. Steel also contains the historical memory of Americans, and it was one of the symbols of America's economic power. Nippon Steel's purchase of U.S. steel has made Americans feel bad and feel that their national strength has declined, which is also not conducive to Biden's political popularity.
Economically,The United States wants to protect its steel industry and market. U.S. Steel is one of the largest steel producers in the United States, and it has advanced technology in automotive manufacturing steel, whichIt is an important competitiveness in the new energy vehicle market.
Nippon Steel acquires U.S. SteelIn addition to increasing Nippon Steel's crude steel production and market share, it will also acquire U.S. Steel's automotive manufacturing steel technology, which is a huge threat to the U.S. steel industry and market.
Nippon Steel wants to enhance its global competitiveness and influence. Nippon Steel is the world's third-largest steel producer, and it aims to become the world's largest steel producerSurpassing China's Baowu Group and India's Tata Steel.
Nippon Steel believes that by buying steel from the United States, China's own annual crude steel production will increase to 1200 million tons, with 1300 million tons equivalent. At the same time, Japanese steel companies can also use the famous brand and technology of the United States to improve their own quality and improve their technical level, so as to improve their competitiveness in the international steel market.
Nippon Steel's acquisition of U.S. steel has a complex impact on China, the United States, and Japan, with both advantages and disadvantages. For China, Nippon Steel's acquisition of U.S. steel is beneficial to China's steel exports and international status.
On the one hand,Nippon Steel's acquisition of U.S. steel could trigger U.S. antitrust reviews and anti-dumping investigations, leading to Nippon Steel's predicament in the U.S. market, which creates opportunities for China's steel exports. China is the world's largest steel producer and exporter, and its steel products are competitive in terms of quality and quality, which can meet the needs of the U.S. market.
On the other hand,Nippon Steel's acquisition of U.S. steel also shows the internationalization level and strength of Chinese steel companies.
China's Baowu Group, the world's largest steel producer, already has a number of investments and cooperation projects overseasFor example, in countries such as Brazil, Indonesia, South Africa, etc. China's steel companies can not only provide steel products,It can also provide steel technology and services to contribute to the development of the global steel industry.
For the United States,Nippon Steel's acquisition of U.S. steel is good for U.S. steel** and innovation, but it also hurts U.S. steel sovereignty and jobs. On the one hand, Nippon Steel's acquisition of U.S. steel can guarantee the best steel in the United States and avoid steel shortages and ***.
Nippon Steel is a reputable and powerful steel enterprise that can provide high-quality and low-cost steel products to the United StatesMeet the various steel needs of the United States, especially the steel needs of new energy vehicles. At the same time, Nippon Steel can also bring steel technology and innovation to promote the transformation and upgrading of the U.S. steel industryImproving the competitiveness of the U.S. steel industry.
Nippon Steel's acquisition of U.S. steel is an event of great significance and influence, which involves the political, economic, strategic, and market aspects of China, the United States, and Japan. Nippon Steel's acquisition of U.S. steel has both advantages and disadvantages, both opportunities and risks, both cooperation and competition, and both friendship and hostility.
Whether the deal can be successfully completedIt also depends on the attitude and decision of the United States, as well as the consultations and coordination between China, the United States, and Japan. What are your thoughts on this?