Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan’s Nippon Steel on the grounds the sale was a threat to national security. A portion of U.S. Steel's Edgar Thomson plant at ...
On Friday, President Joe Biden announced he was blocking the purchase of U.S. Steel by Japanese steelmaker Nippon Steel on dubious economic and national security grounds. “It is my solemn ...
The move nevertheless enjoyed rare bipartisan agreement, with Republican US president-elect Donald Trump and incoming vice president J.D. Vance also campaigning against the sale. “This acquisition ...
with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...
WHEN ASKED IF U.S. STEEL CAN REMAIN COMPETITIVE WITHOUT A SALE, MCCALL SAID THIS STEELWORKERS IN AMERICA ARE THE MOST PRODUCTIVE STEEL WORKERS IN THE WORLD, SO WE CAN COMPETE WITH ANYBODY.
On Friday, as expected, President Biden blocked the sale of US Steel to Japan’s largest steelmaker, Nippon Steel, for $15 billion, on “national security” grounds. “We need major US ...
President-elect Donald Trump has also opposed the acquisition and vowed in December on his Truth Social platform to block the deal and to use tax incentives and tariffs to boost U.S. Steel’s fortunes.