U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia.

The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham national security review that deprived the companies of their right to a fair process.

U.S. Steel and Nippon Steel have filed a lawsuit over President Joe Biden’s decision to stop U.S. Steel from being purchased by the Japan-based company. The post US Steel sues Biden over blocked merger with Nippon appeared first on FreightWaves.