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Biden Blasts Planned Sale Of U.S. Steel To Japanese Company
XU. S. Steel(X) Forbes·2024-03-14 13:58

ToplinePresident Joe Biden will speak out Thursday against the proposed 14billionacquisitionofUnitedStatesSteelbyTokyo−basedNipponSteel,multipleoutletsreported,adealthatiscurrentlyunderfederalscrutinyafterraisingnationalsecurityconcernsfromtheWhiteHouse.The14 billion acquisition of United States Steel by Tokyo-based Nippon Steel, multiple outlets reported, a deal that is currently under federal scrutiny after raising national security concerns from the White House.The 14.9 billion all-cash proposed deal was announced in December, quickly drawing criticism from ... [+] legislators—and Biden is now speaking out against selling the “iconic” company.Copyright 2019 The Associated Press. All ...