The steel workers union was fiercely against selling to Japan, the investors were in favor of it
President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan’s Nippon Steel.
Biden said the proposed deal would place one of the largest steel producers in the U.S. under foreign control, creating a risk for the nation’s critical supply chains.
President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan’s Nippon Steel.
Biden said the proposed deal would place one of the largest steel producers in the U.S. under foreign control, creating a risk for the nation’s critical supply chains.