The Committee on Foreign Investment in the United States (CFIUS) was unable to reach a consensus on Japan's Nippon Steel's $15 billion acquisition of U.S.

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal.

Nippon Steel has countered these concerns by proposing measures like appointing U.S. citizens to top management positions and ensuring that the steel produced meets U.S. national security requirements. Moreover, Japan is a close U.S. ally, which complicates the narrative of foreign ownership being inherently detrimental to American interests.

A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel to purchase U.S. Steel.

President-elect Trump said Sunday evening on social media that the U.S. owning Greenland “is an absolute necessity,” in a statement announcing Ken Howery as his nominee to serve as ambassador to Denmark.