Posted 3/14/2024, 7:31:00 PM
Biden Opposes Nippon Steel's $15B U.S. Steel Takeover Bid Over American Jobs, Security Concerns
- President Biden opposes Nippon Steel's proposed $15 billion takeover of U.S. Steel
- The deal has become a political issue in midwestern swing states like Pennsylvania and Michigan
- Biden says it's vital for U.S. Steel to remain American-owned and operated, has "assured" steelworkers union of his support
- Former President Trump also said he would block the deal if elected in 2024
- The deal faces scrutiny from the Committee on Foreign Investment in the U.S. on potential national security risks
