White House Reviewing $14B Purchase of U.S. Steel by Japanese Company
• White House closely scrutinizing $14.1B acquisition of U.S. Steel by Japanese company Nippon Steel • Looking for potential impact on U.S. steel jobs, especially in Pennsylvania, as well as national security and supply chains • Statement from National Economic Advisor Lael Brainard says administration will review findings and "act if appropriate" • Comes ahead of 2024 election, so deal facing regulatory pressure due to impact on swing states like Pennsylvania • Deal would create 2nd largest steel company globally, so global implications also under examination