The fate of Nippon Steel’s planned purchase of U.S. Steel remains uncertain.
Ironically, former U.S. President Joe Biden’s stiff opposition to the deal may have created space, if not impetus, for President Donald Trump to resurrect the acquisition. After all, Trump considers himself master of the "art of the deal."
While the original plan should not have been discarded, the revised proposal is worth pursuing. There are lessons to be learned from this episode, most especially about the new priorities that seem to animate U.S. thinking. Japan and all other U.S. allies and partners must learn them.
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