TOKYO — Nippon Steel’s CEO said his company’s $14 billion acquisition of U.S. Steel can help America regain its manufacturing clout in Washington’s continuing battle with China for global economic leadership.
“The U.S. is a clear loser to China when it comes to manufacturing, so much so that [the U.S.] is even saying that it cannot manufacture warships on its own,” Eiji Hashimoto, the Japanese company’s CEO, told reporters on Thursday.
