Trump says will 'block' Nippon Steel from taking over US Steel
3 months, 1 week ago

Trump says will 'block' Nippon Steel from taking over US Steel

Deccan Chronicle  

Washington: US President-elect Donald Trump on Monday said he would “block” a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts. Nippon Steel said after Trump's comments that it was “determined to protect and grow US Steel in a manner that reinforces American industry, domestic supply chain resiliency, and US national security.””We will invest no less than $2.7 billion into its unionized facilities, introduce our world-class technological innovation, and secure union jobs so that American steelworkers at US Steel can manufacture the most advanced steel products for American customers,” the Japanese firm said in a statement. Days after the US election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year, while US President Joe Biden was still in office. Biden, too, has opposed the deal, saying it was “vital” for US Steel “to remain an American steel company that is domestically owned and operated.”The deal is being reviewed by a body helmed by Treasury Secretary Janet Yellen that audits foreign takeovers of US firms, called the Committee on Foreign Investment in the United States.

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History of this topic

US Steel CEOs Urge Trump to Resist Metal Tariff Exemptions
Trending News
1 week, 1 day ago

US Steel CEOs Urge Trump to Resist Metal Tariff Exemptions

Live Mint  

Supply Lines is a daily newsletter that tracks global trade.. The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on imports of the alloy. The CEOs, which include Nucor Corp.’s Leon Topalian, United States Steel Corp.’s David Burritt and Cleveland-Cliffs Inc.’s Lourenco Goncalves, argued that avoiding exemptions was a …

US-Japan alliance unequal, Trump complains
1 week, 2 days ago

US-Japan alliance unequal, Trump complains

Raw Story  

President Donald Trump said Japan is not required to protect the United States militarily and makes "a fortune" from it economically, as he fired off an impromptu broadside at a key ally. Meanwhile Tokyo's economy, trade and industry minister Yoji Muto told reporters that he hoped his US trip would "be a win-win for both Japanese and US national interests." …

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs
1 month ago

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs

Associated Press  

TOKYO — Japan ‘s government said Wednesday it asked the U.S. to exclude it from 25% steel and aluminum tariffs, a change from duty-free quotas that Tokyo was given previously. Japan made the request through its embassy in Washington after U.S. President Donald Trump removed the exceptions and exemptions from his 2018 tariffs on steel imports to a minimum of …

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs
1 month ago

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan 's government said Wednesday …

Japan's Nippon Steel plans innovative investment approach in US Steel deal
1 month ago

Japan's Nippon Steel plans innovative investment approach in US Steel deal

Firstpost  

Former US president Joe Biden blocked the $14.9 billion deal shortly before he left office last month citing national security grounds, sparking a joint lawsuit from the firms The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh. File image/ AP Nippon Steel will make a “bold proposal” in its effort to invest in US Steel, …

Trump, Japan’s Ishiba play nice despite tariff threat
1 month, 1 week ago

Trump, Japan’s Ishiba play nice despite tariff threat

Al Jazeera  

Japanese Prime Minister Shigeru Ishiba and US President Donald Trump have struck a warm tone in their first meeting, with Tokyo avoiding tariffs that Trump has slapped on other allies – for now. Ishiba, an avowed “geek” and model warship fan, has been under pressure to replicate Trump’s close relationship with former premier and golf buddy, Shinzo Abe. And the …

Trump says Nippon Steel to 'invest' in US Steel, not buy it
1 month, 1 week ago

Trump says Nippon Steel to 'invest' in US Steel, not buy it

Raw Story  

US President Donald Trump said Friday that Japan's Nippon Steel will make a major investment in US Steel, but will no longer attempt to take over the troubled company. Trump, referring to the Japanese car company Nissan but apparently meaning Nippon Steel, said "they'll be looking at an investment rather than a purchase." In the suit filed on January 6, …

Trump meets Japanese PM Shigeru Ishiba, vows to address trade deficit and strengthen bilateral ties
1 month, 1 week ago

Trump meets Japanese PM Shigeru Ishiba, vows to address trade deficit and strengthen bilateral ties

Firstpost  

US President Donald Trump welcomed Japanese Prime Minister Shigeru Ishiba at the White House on Friday and said the two countries would work to cut Washington’s trade deficit with Tokyo amid escalating trade tensions threatening to rupture the global economy US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, on Friday. Reuters …

Trump meets Japan’s PM Shigeru Ishiba as China trade war simmers
1 month, 1 week ago

Trump meets Japan’s PM Shigeru Ishiba as China trade war simmers

The Hindu  

U.S. President Donald Trump meets Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of China's rise in work to boost business and security ties while an escalating trade war threatens to rupture the global economy. Mr. Trump put a 10% tariff on all imports from China in what he called an "opening salvo" …

Trump says Musk will review "just about" every federal agency
1 month, 1 week ago

Trump says Musk will review "just about" every federal agency

CBS News  

Washington — President Trump, in a news conference with the Japanese prime minister, indicated that Elon Musk will have wide latitude to go into federal departments and agencies as he aims to slash federal spending by $2 trillion. Mr. Trump said he wasn't familiar with the details, but if Vance supported bringing the employee back, "I'm with the vice president." …

Nippon Steel lawsuit against US government to start on Feb 3
1 month, 3 weeks ago

Nippon Steel lawsuit against US government to start on Feb 3

China Daily  

The logos of Nippon Steel are displayed at the company headquarters in Tokyo, Japan. Nippon Steel's legal challenge to overturn the US government decision blocking its acquisition of United States Steel Corp is scheduled to commence on Feb 3, according to court documents. Nippon Steel said it is set to submit its opening brief on Feb 3. The former Biden …

New questions raised over Japan-US ties
1 month, 3 weeks ago

New questions raised over Japan-US ties

China Daily  

The logos of Nippon Steel Corp at the company headquarters in Tokyo, Japan. US President Joe Biden's decision to block the acquisition of US Steel by Japan's Nippon Steel has raised fresh questions about the state of economic and diplomatic relations between the United States and its key Asian ally. Politicians in the US were quick to oppose Nippon Steel's …

Nippon deadline extended as new bid emerges
2 months ago

Nippon deadline extended as new bid emerges

China Daily  

Nippon Steel Chairman and CEO Eiji Hashimoto attends a press conference at their company headquarters in Tokyo, Japan January 7, 2025. Japanese Prime Minister Shigeru Ishiba said on Monday that "strong "concerns have been raised over the blocking of Nippon Steel's takeover bid, local media reported. Even after the election, Trump wrote on social media in December that he was …

Nippon deadline extended as new bid emerges
2 months ago

Nippon deadline extended as new bid emerges

China Daily  

Nippon Steel Chairman and CEO Eiji Hashimoto attends a press conference at their company headquarters in Tokyo, Japan January 7, 2025. Japanese Prime Minister Shigeru Ishiba said on Monday that "strong "concerns have been raised over the blocking of Nippon Steel's takeover bid, local media reported. Even after the election, Trump wrote on social media in December that he was …

A new rival bid for US Steel is emerging as the US extends deadline on Nippon’s bid blocked by Biden
2 months ago

A new rival bid for US Steel is emerging as the US extends deadline on Nippon’s bid blocked by Biden

Associated Press  

HARRISBURG, Pa. — The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. “We are pleased that CFIUS has granted an extension to June 18, 2025 of the requirement in President Biden’s Executive Order that the …

Japan's PM raises strong concerns over Biden's decision to block steel deal
2 months ago

Japan's PM raises strong concerns over Biden's decision to block steel deal

Firstpost  

Citing national security concerns, Biden put a stop to the $14.9 billion sale earlier this month and irked one of Washington’s closest allies This photo shows signage on the exterior of a blast furnace building during a media tour by Japanese company Nippon Steel at their East Nippon Works Kashima Area facility in Kashima, Ibaraki prefecture, north of Tokyo on …

Japanese Prime Minister raises concerns with Biden over his move to block Nippon Steel deal for US Steel
Trending News
2 months ago

Japanese Prime Minister raises concerns with Biden over his move to block Nippon Steel deal for US Steel

CNN  

Japan Prime Minister Shigeru Ishiba asked US President Joe Biden to allay concerns in the Japanese and US business communities over his order to block Nippon Steel’s planned acquisition of U.S. Steel. “Prime Minister Ishiba pointed out that cooperation among allies and like-minded countries is indispensable for establishing resilient supply chains, and that it is important to make efforts to …

Biden administration delays enforcement of order blocking Nippon Steel, U.S. Steel deal
2 months ago

Biden administration delays enforcement of order blocking Nippon Steel, U.S. Steel deal

The Hindu  

The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for U.S. Steel, the companies said on Saturday. U.S. President Joe Biden blocked Nippon Steel's planned acquisition of U.S. Steel on national security grounds on January 3, and his Treasury Secretary Janet Yellen said this …

Joe Biden blocks US steel deal with Japan amid rising trade tensions
2 months, 1 week ago

Joe Biden blocks US steel deal with Japan amid rising trade tensions

Hindustan Times  

By blocking the acquisition of US Steel, President Joe Biden has irked Japan, one of Washington's closest allies whose firms are the biggest foreign investors in the United States. President Joe Biden has angered Japan, one of Washington's closest friends, whose companies are the largest foreign investors in the United States, by preventing the purchase of US Steel. Biden, echoing …

US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia
2 months, 1 week ago

US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia

Associated Press  

BANGKOK — U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia. Here are some key issues at stake: Making nice While in Tokyo in a farewell tour before Biden leaves office, Blinken told …

US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
2 months, 1 week ago

US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. President Joe Biden’s …

Nippon Steel stands firm on a U.S. Steel takeover and denies risks cited by Biden
2 months, 1 week ago

Nippon Steel stands firm on a U.S. Steel takeover and denies risks cited by Biden

The Hindu  

Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. Nippon Steel Corp. and U.S. Steel filed federal lawsuits Monday challenging the Biden administration’s decision as ignoring “the rule of law.” In separate lawsuits in the U.S. Court of Appeals …

Biden gave a major union what they wanted — and it could blow up in their face: analyst
2 months, 1 week ago

Biden gave a major union what they wanted — and it could blow up in their face: analyst

Raw Story  

President Joe Biden made good on something the United Steelworkers union wanted him to do, and blocked a $15 billion acquisition of U.S. Steel by the Japanese-based Nippon Steel — but this is not good news for the union, wrote columnist Catherine Rampell for The Washington Post. "U.S. Steel’s mills tend to be older and more expensive to operate than …

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Top News
2 months, 1 week ago

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden

Associated Press  

TOKYO — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. Nippon Steel Corp. and U.S. Steel filed federal lawsuits Monday challenging the Biden administration’s decision as ignoring “the rule of law.” In separate lawsuits in the U.S. Court …

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
2 months, 1 week ago

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nippon Steel was standing firm …

Nippon Steel and U.S. Steel file suit after Biden administration blocks $15-billion deal
2 months, 1 week ago

Nippon Steel and U.S. Steel file suit after Biden administration blocks $15-billion deal

LA Times  

Nippon Steel and U.S. Steel filed a federal lawsuit challenging a Biden administration decision to block Nippon’s proposed $15-billion acquisition of the Pittsburgh company and said that the head of the steelworkers union and a rival steelmaker worked together to scuttle the buyout. Biden said Friday that U.S. companies producing a large amount of steel need to “keep leading the …

U.S. Steel sues to salvage its sale to Japan's Nippon Steel
Top News
2 months, 1 week ago

U.S. Steel sues to salvage its sale to Japan's Nippon Steel

NPR  

U.S. Steel sues to salvage its sale to Japan's Nippon Steel toggle caption Rebecca Droke/AFP U.S. Steel and its would-be Japanese suitor Nippon Steel have gone to court to defend their $15 billion merger, after President Biden on Friday moved to block the deal, citing national security concerns. In prohibiting the sale last week, Biden said foreign ownership of U.S. …

US Steel sues Biden administration for blocking its sale to Nippon
Top News
2 months, 1 week ago

US Steel sues Biden administration for blocking its sale to Nippon

NPR  

US Steel sues Biden administration for blocking its sale to Nippon US Steel has gone to court to salvage its sale to a Japanese steelmaker. U.S. Steel and Nippon Steel insist their combination would enhance, not threaten, U.S. security, and they accuse the president of playing politics. You know, the president warned that letting Nippon Steel buy U.S. Steel could …

US Steel, Nippon sue Biden administration over decision to block merger
2 months, 1 week ago

US Steel, Nippon sue Biden administration over decision to block merger

Al Jazeera  

The lawsuit alleges US President Joe Biden violated the companies’ right to a fair merger review. Nippon Steel and US Steel have filed a federal lawsuit in the United States challenging the Biden administration’s decision to block Nippon’s proposed $15bn acquisition of the Pittsburgh company. The lawsuit, filed on Monday, alleges US President Joe Biden prejudiced the decision of the …

U.S. Steel, Nippon Steel sue over blocked deal
2 months, 1 week ago

U.S. Steel, Nippon Steel sue over blocked deal

Salon  

U.S. Steel and Japan's Nippon Steel sued the U.S. government on Monday after President Joe Biden blocked their $14.9 billion merger, citing national security risks. The companies argue that his previous statements meant the review process was “designed to reach a predetermined result.” The lawsuit asked the court to set aside the Committee's review process and Biden’s order, citing "violation …

Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
2 months, 1 week ago

Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. In making its nearly $15 billion bid for …

Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
2 months, 1 week ago

Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

Associated Press  

WASHINGTON — By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. In making its nearly $15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley. “They were …

White House copy-pastes from previous order? X user points out error in Nippon Steel order, netizens say, ‘No way…’
2 months, 1 week ago

White House copy-pastes from previous order? X user points out error in Nippon Steel order, netizens say, ‘No way…’

Live Mint  

The White House released an order Friday to prohibit the $14.9 billion sale of US Steel to Japan's Nippon Steel, citing that the deal could “impair the national security of the United States.” The decision, which drew criticism from both parties, came after the government panel could not decide whether the acquisition would harm US national security. The user claimed …

Biden blocks Japanese takeover of US Steel on national security grounds
Trending News
2 months, 1 week ago

Biden blocks Japanese takeover of US Steel on national security grounds

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden on Friday invoked a rarely-used presidential power …

Biden Rejects Nippon Steel's Proposed Deal To Acquire U.S. Steel
2 months, 1 week ago

Biden Rejects Nippon Steel's Proposed Deal To Acquire U.S. Steel

Huff Post  

Biden affirmed his vow in March to block the acquisition. via Associated Press WASHINGTON — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition. “We need major U.S. companies representing the major share of US steelmaking capacity to …

Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
2 months, 1 week ago

Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel

Associated Press  

WASHINGTON — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company. In their statement, the two steel companies said it’s “shocking — and deeply troubling” that the …

Biden to block U.S.-Japan steel deal: U.S. media
Top News
2 months, 1 week ago

Biden to block U.S.-Japan steel deal: U.S. media

Raw Story  

U.S. President Joe Biden has decided to block the proposed $14.9 billion purchase of U.S. Steel by Japan's Nippon Steel and will announce the move as soon as Friday, according to U.S. media. Biden decided to block the deal despite intense efforts to sway him in recent days by some of his senior advisors, who warned that rejecting a sizable …

Joe Biden blocks Nippon Steel-US Steel merger citing Trump and unions opposition. What this means?
2 months, 1 week ago

Joe Biden blocks Nippon Steel-US Steel merger citing Trump and unions opposition. What this means?

Live Mint  

United States President Joe Biden has officially decided to block Nippon Steel's proposed acquisition of US Steel, sources told Reuters on January 3. "I am totally against the once great and powerful US Steel being bought by a foreign company, in this case Nippon Steel of Japan," he wrote on his Truth Social platform last month. !” Outcome of a …

US Steel Sale to Nippon Blocked by Biden. What Happens Next?
2 months, 1 week ago

US Steel Sale to Nippon Blocked by Biden. What Happens Next?

Bloomberg  

US President Joe Biden ’s decision to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp. has sparked fresh uncertainty for the American icon that’s been at the heart of a domestic political firestorm in the US and fueled tensions with long-time diplomatic ally Japan. Biden announced his formal decision on Friday after the case was referred …

Biden to block Nippon Steel’s takeover of US Steel, reports say
Top News
2 months, 1 week ago

Biden to block Nippon Steel’s takeover of US Steel, reports say

Al Jazeera  

US president expected to announce decision to block proposed sale of Pittsburgh-based steelmaker as early as Friday. United States President Joe Biden has decided to block the proposed takeover of US Steel by Japan’s Nippon Steel, US media has reported. Biden’s decision comes after the Committee on Foreign Investment in the United States last month failed to reach a consensus …

Biden blocks sale of US Steel to Japan’s Nippon Steel
2 months, 1 week ago

Biden blocks sale of US Steel to Japan’s Nippon Steel

Al Jazeera  

Biden cites need to ‘level playing field’ in long anticipated blocking of $14.6bn sale likely to roil ties with Tokyo. United States President Joe Biden has blocked the $14.9bn sale of the Pittsburgh, Pennsylvania-based US Steel to Japan’s Nippon Steel. “This acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security …

Biden set to block Japan’s Nippon from taking over US Steel, reports say
2 months, 1 week ago

Biden set to block Japan’s Nippon from taking over US Steel, reports say

CNN  

New York CNN — President Joe Biden plans to announce as soon as Friday that he is blocking a $14.3 billion of US Steel by Japan’s Nippon Steel, according to published reports in the Washington Post and New York Times, which cited administration officials. Late last month, the Committee for Foreign Investment in the United States, known colloquially as CFIUS, …

Biden rejects Nippon Steel’s proposed deal to acquire U.S. Steel
2 months, 1 week ago

Biden rejects Nippon Steel’s proposed deal to acquire U.S. Steel

LA Times  

President Joe Biden speaks at an event to award the Presidential Citizens Medal to recipients in the East Room at the White House on Thursday. President Biden has rejected the nearly $15-billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition. “We need major U.S. companies representing …

Biden blocks $14.9B sale of U.S. Steel to Japan's Nippon Steel
2 months, 1 week ago

Biden blocks $14.9B sale of U.S. Steel to Japan's Nippon Steel

Salon  

President Joe Biden said Friday he would block the nearly $15 billion acquisition of U.S. Steel by Nippon Steel of Japan, citing national security concerns. “As a committee of national security and trade experts across the executive branch determined, this acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and …

Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus
2 months, 2 weeks ago

Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus

LA Times  

Coal is loaded onto a barge in September near a U.S. Steel facility in Clairton, Pa. A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Biden, who opposes the deal. Biden, backed …

Biden Will Decide On U.S. Steel Acquisition After Influential Panel Fails To Reach Consensus
2 months, 2 weeks ago

Biden Will Decide On U.S. Steel Acquisition After Influential Panel Fails To Reach Consensus

Huff Post  

FILE - The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh, April 26, 2010. via Associated Press WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to …

Biden will decide on US Steel acquisition after influential panel fails to reach consensus
2 months, 2 weeks ago

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

Associated Press  

WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving a decision to President Joe Biden, a longtime opponent of the deal. Biden, backed by the United Steelworkers, said earlier this year that it was …

Biden will decide on US Steel acquisition after influential panel fails to reach consensus
2 months, 2 weeks ago

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A powerful government panel on …

Biden to Decide on US Steel Acquisition After Panel Deadlocks
2 months, 2 weeks ago

Biden to Decide on US Steel Acquisition After Panel Deadlocks

Live Mint  

A US national security panel has deadlocked on its review of the sale of United States Steel Corp. to Nippon Steel Corp., a procedural development that opens the door for President Joe Biden to block the transaction. Biden has long indicated his opposition to the transaction and is said to still be planning on blocking it, though the White House …

US-Japan steel deal goes to Biden for final decision after panel deadlocks
2 months, 2 weeks ago

US-Japan steel deal goes to Biden for final decision after panel deadlocks

Al Jazeera  

Committee on Foreign Investment in the US fails to agree on national security risks of proposed takeover of US Steel. A decision on whether to allow Nippon Steel’s proposed takeover of US Steel has fallen to United States President Joe Biden after a government panel failed to agree on possible national security risks. US President-elect Donald Trump, who takes office …

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