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Biden’s Nippon Steel Block Triggers Diplomatic Fallout After Crypto Order Mix-Up
Biden’s Nippon Steel Block Triggers Diplomatic Fallout After Crypto Order Mix-Up
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United States President Joe Biden rejected Japan’s Nippon Steel takeover deal with US steel, citing national security and supply chain concerns. This decision has sparked animosity with the Japanese government, with Trade Minister Yoji Muto labeling it 'incomprehensible.' The situation worsened when it was revealed that Biden’s staff accidentally copied and pasted sections of a previous executive order on a Chinese crypto mining company into Nippon Steel’s directive. This mix-up, along with title errors, has added to the growing tensions between the US and Japan.
