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Kishida hopes Nippon Steel deal unfolds positively for parties

Reuters
·1-min read

WASHINGTON, April 10 (Reuters) - Japanese Prime Minister Fumio Kishida said on Wednesday he hoped discussions on Nippon Steel's planned acquisition of U.S. Steel will unfold in ways positive for the parties, while U.S. President Joe Biden said he stands by his commitments both to American workers and the U.S.-Japan alliance.

The two leaders made the comments at a White House news conference after summit talks. Kishida's Washington visit comes amid a controversy over the deal, which some experts say is "on life support" after criticism by Biden and former President Donald Trump, his rival in November's U.S. election. (Reporting by Trevor Hunnicutt, Doina Chiacu and David Brunnstrom; Editing by Chizu Nomiyama)