Biden killed US Steel deal even though some US officials rejected national security concerns
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security grounds to kill the deal,
Why Biden cited national security concerns as he blocked a Japanese bid to buy U.S. Steel
President Biden said he would block the sale of one of America’s most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion. Nick Schifrin discussed the president's decision with David Wessel of the Brookings Institution and Sheila Smith of the Council on Foreign Relations.
Biden blocks U.S. Steel's sale to Nippon Steel over national security, supply chain risks
President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, setting up a likely federal court battle.
Does Nippon Steel's bid to buy US Steel threaten national security? Experts weigh in
President Biden blocked Nippon Steel's acquisition of U.S. Steel citing national security concerns, a rationale which has drawn criticism from the companies and other observers.
Biden blocks Japan's $14 billion takeover of US Steel on national security grounds
Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump also opposed the takeover.
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Biden blocks Japanese takeover of U.S. Steel
President Biden is blocking the proposed $14 billion acquisition of U.S. Steel by Nippon Steel. Fox - 10 Phoenix Fox - 10 Phoenix
Biden blocks US Steel sale to Japanese competitor
President Joe Biden formally blocked a proposed $14.9 billion takeover of U.S. Steel by a Japanese company, the White House announced Friday. “It is my solemn responsibility as President to ensure that,
Biden Rejects Nippon Steel's Proposed Deal to Acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel
President Biden blocks sale of US Steel to Japanese company
In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned and American-operated."
Biden decides to block U.S. Steel sale to Japanese buyer
The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.
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