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President Biden is using his final days in office to block a controversial sale of U.S. Steel to a Japanese company, making good on his opposition to the proposed purchase by a foreign buyer. In an ...

Biden has long opposed the sale to Japan’s Nippon Steel, and the choice to block the deal rested solely in his hands after the Committee on Foreign Investment in the United States did not reach ...

2. Former President Trump said in February that he would block the deal if he were to win the election.

It's a win for the United Steelworkers union, which had strongly opposed the deal. President-elect Donald Trump had also spoken out against the sale. U.S. Steel is headquartered in the politically ...

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 ...

"And it is a fulfillment of that responsibility to block foreign ownership of this vital American company." In a joint statement, U.S. Steel and Nippon Steel said it was "dismayed" by Biden's decision ...