The senior American senator demanded an investigation into the relationship between Japan's Nippon Steel and the Chinese government.
Reports indicate that Sherrod Brown, the senior senator and chairman of the banking committee of the United States Senate, in his recent letter to the President of the United States, expressed his concern about the relationship between Japan's Nippon Company and the Chinese government.
US sales The sale of U.S. Steel to Nippon for $14.9 billion brought a wave of criticism from the owners of the American steel industry as well as the politicians of this country, and the President of the United States, Joe Biden, finally had the courage to openly oppose the sale of U.S. Steel. S. acquired steel and announced in his last statement in this regard that US steel is American and should remain American.
Sherrod Brown has also expressed concern about Nippon's presence in China and its investment in the steel production of this country with the Chinese government. However, Nippon Steel has announced that its activities in China are very limited and less than 5% of the company's global production capacity is located in China.
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