Blocked Nippon Steel deal carries big knock-on effects: Analyst

Nippon Steel and US Steel filed a suit on Monday (Jan 6) over United States President Joe Biden's decision to block the Japanese giant's proposed acquisition of its American rival. Both companies accused his administration of "illegal interference" in the huge transaction. Professor Seijiro Takeshita from the University of Shizuoka tells CNA's Asia First that the blocked takeover attempt carries big risks and the knock-on effects could be far-ranging. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia