Nippon Steel’s plan to buy U.S. Steel has entered a new phase with the companies’ declaration of a full-scale legal war against the U.S. government. They hope the lawsuits will overturn President Joe Biden’s order to give up the acquisition.
Japan’s top steelmaker is determined to land the blocked deal, which has also quickly become a diplomatic issue between Tokyo and Washington. Will its tactic succeed, and what happens if it doesn’t? Here are five things to know.
