Biden says he will block US Steel sale to Nippon Steel
President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests,
The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...
In a joint statement with U.S. Steel, the Japanese company accused Biden of breaking the law to serve his own political agenda just a few weeks before leaving the White House. Biden said he was ...
In their most recent act of desperation, U.S. Steel and Nippon are now requiring supervisors to circulate a petition to workers whi ...
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