A few Senators from the nation’s Rust Belt are sounding the alarm over the ties between the Chinese Communist Party (CCP) and the Nippon Steel Corporation — the Japanese conglomerate looking to purchase the United States Steel Corporation.
A few Senators from the nation’s Rust Belt are sounding the alarm over the ties between the Chinese Communist Party (CCP) and the Nippon Steel Corporation — the Japanese conglomerate looking to purchase the United States Steel Corporation .The deal is significant as U.S. Steel, based in Pittsburgh, Pennsylvania, played a critical role in the nation’s “Arsenal of Democracy” during World War II, which ultimately saw the Allied powers defeat the Axis, which included Imperial Japan. This week, Sens.
Sherrod Brown (D-OH), Bob Casey (D-PA), and J.D. Vance (R-OH) sounded the alarm to President Joe Biden’s administration over Nippon Steel’s ties to China. The Senators citeThose operations risk sharing technology and production expertise with the PRC’s industrial base. Nippon has a long-run history supporting the establishment and foundation of the Chinese steel industry; PRC discourse about industrial modernization has referred to the Japanese conglomerate as a “maste
Senators Chinese Communist Party Nippon Steel Corporation United States Steel Corporation Ties Purchase Concerns
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