Nippon Steel's takeover of US Steel carries geopolitical significance for Washington-Tokyo alliance
On June 18, Japan's Nippon Steel finally signed, sealed and delivered on its acquisition of US Steel after an 18-month takeover battle. PHOTO: JUSTIN MERRIMAN/NYTIMES
– A trade deal that relieves Japan from hefty auto and 'reciprocal' tariffs imposed by its security ally, the United States, remains far off.
Japanese Prime Minister Shigeru Ishiba admitted as much on June 16 when he cited persisting disagreements despite two face-to-face meetings, four telephone summits and six rounds of Cabinet-level negotiations.
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