The Committee on Foreign Investment in the United States (CFIUS) has reached a 50-50 split in its review of the proposed acquisition of US Steel by Japan’s Nippon Steel. This deadlock has led to the referral of the deal to President Joe Biden for a final decision. The acquisition, valued at $14.1 billion, has stirred concerns about national security and the future of American steel production. The CFIUS, tasked with evaluating foreign investments for potential threats to national security, could not reach a consensus, highlighting the complexity of the deal. The decision now rests with the President, who has the authority to approve, block, or send the deal back for further review. This situation underscores the delicate balance between economic partnerships and safeguarding national interests.
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