Biden says it's ‘vital' US Steel remain American owned and operated

Biden Opposes US Steel Sale to Nippon Steel #

President Joe Biden has expressed opposition to the planned sale of US Steel to Japan’s Nippon Steel. The White House’s strongest objection yet to the deal comes amid concerns about Nippon’s assets in China. The Biden administration had previously shown support for a thorough review of the $14.1 billion deal due to national security and supply chain impact. The Committee on Foreign Investment in the United States (CFIUS) is currently conducting a review. Reacting to Biden’s statement, the US Chamber of Commerce warned against politicizing the deal, emphasizing the importance of Japanese investment in supporting American jobs.