Biden Blocks Sale of U.S. Steel to Nippon Steel

Washington, Jan. 3 (Jiji Press)--U.S. President Joe Biden on Friday blocked the proposed 14-billion-dollar sale of United States Steel Corp. to Japan's Nippon Steel Corp, citing a national security risk. The deal "would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said in a statement. ...

Biden Blocks Sale of U.S. Steel to Nippon Steel
Washington, Jan. 3 (Jiji Press)--U.S. President Joe Biden on Friday blocked the proposed 14-billion-dollar sale of United States Steel Corp. to Japan's Nippon Steel Corp, citing a national security risk. The deal "would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said in a statement. ...