Nippon Steel Left Hunting Next Step as U.S. Takeover Flounders

A rejection of the deal could damp Japanese companies’ appetite to consider investing in the US, said Akira Igata, a lecturer at the University of Tokyo who specializes in economic security.

“The damage has been done, Other close allies and partners of the US are closely watching this unfold,” he said. “This also raises a larger question about how the national security exceptions are invoked in investment screening. No one believes that there is a legitimate national security concern in blocking this transaction.”

Read the full story and more from BNN Bloomberg.