How Swing State Politics Are Sinking a Steel Deal

“The Biden administration has spent the past three years promoting a policy of ‘friend-shoring,’ which aims to contain China and Russia by forging closer ties with U.S. allies like Europe and Japan,” the New York Times reports.

“That policy appears to stop at the state lines of Pennsylvania.”

“As the administration nears a decision to block the proposed acquisition of the Pittsburgh-based U.S. Steel by Japan’s Nippon Steel, the traditional debate over national security and economic security is being dwarfed by a more powerful force: presidential politics.”