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President Biden Friday followed through on a promise to block the sale of US Steel to Japanese-owned Nippon Steel, citing national security reasons.

Biden said a White House committee of national security and trade experts determined that Nippon Steel’s purchase of U.S. Steel would create risks for both the supply chain and national security.

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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.

“The deal was made behind closed doors without workers at the table. It represented a clear threat to America’s national and economic security ... owned and operated steel industry that ...

The Nippon Steel acquisition poses no credible national security threat: Japan is a close ally, Nippon Steel has other existing investments in the United States, and the Defense Department ...

Biden said there is "credible evidence" that Nippon Steel "might take action that threatens to impair the national security of the United States." "This action reflects my unflinching commitment ...