Joe Biden Blocks a Japanese Company From Buying U.S. Steel

The president claims that the $15 billion acquisition by Nippon Steel could threaten national security, even though Japan is a close ally that would have been investing in U.S. industry and workers. What signal does it send, if the review process for such deals can be corrupted by union politics? Plus, Biden puts millions of acres of U.S. waters off limits for oil-and-gas leasing.

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