President Joe Biden will host Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. for a White House summit next month.
Don’t miss out on these fabulous Insider DealsJapan's Prime Minister and President of the Liberal Democratic Party Fumio Kishida delivers a speech during the party's convention in Tokyo Sunday, March 17, 2024. for a White House summit next month amid growing concerns about North Korea's nuclear program, provocative Chinese action in the South China Sea and differences over a Japanese company's plan to buy an iconic American steel company.
to Nippon Steel of Japan. Biden argued in announcing his opposition that the U.S. needs to “maintain strong American steel companies powered by American steelworkers.”announced in December that it planned to buy U.S. Steel for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security.
China also claims the shoal lying off the western Philippines and has surrounded the atoll with coast guard, navy and other ships to press its claims and prevent Filipino forces from delivering construction materials to fortify the Sierra Madre in a decades-long standoff.
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