President Joe Biden has blocked the acquisition of US Steel by Japan’s Nippon Steel, citing national security risks and fulfilling a political commitment. The decision, influenced by labor union opposition, raises concerns about foreign investment in the US. Nippon Steel…
President Joe Biden has rejected Nippon Steel’s proposal to acquire US Steel, citing national security concerns and pressure from the United Steelworkers union. The decision, made during a politically sensitive time ahead of the 2024 presidential election, risks straining US-Japan…
U.S. President Joe Biden has blocked a bid by Japan’s Nippon Steel to acquire U.S. Steel for nearly $15 billion, citing national security risks associated with foreign control of one of America’s largest steel producers. Concerns about job losses have…
President Joe Biden has formally rejected Nippon Steel’s $14.9 billion bid to acquire US Steel, prioritizing national security and domestic steel production. The decision follows a year-long review by the Committee on Foreign Investment in the United States, influenced by…
US President Joe Biden has blocked the proposed acquisition of US Steel by Japan’s Nippon Steel, citing national security concerns. The executive order comes despite lobbying from advisors who warned that rejecting the deal could harm US-Japan relations. The decision…
President Joe Biden has halted the takeover of US Steel by Japan’s Nippon Steel, citing concerns over national security and the impact on American industry. In his statement, Biden indicated that the acquisition would place a major US steel producer…
