Biden Opposes $14B Sale of U.S. Steel to Japan, Citing National Security and Support for Union Workers
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Biden opposes the planned $14.1B sale of U.S. Steel to Japanese firm Nippon Steel, citing the need to maintain American ownership.
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The deal raised concerns about impacts to unionized workers, supply chains, and national security.
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Biden's opposition supports union workers but risks upsetting business community and ally Japan.
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The deal is under review by the Committee on Foreign Investment in the U.S. (CFIUS), which Biden influences but doesn't control.
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Biden's stance aligns him with unions and lawmakers in Pennsylvania and Michigan, key states for his reelection campaign.