#nippon-steel

#nippon-steel

Biden blocked a $14.9 billion acquisition of US Steel to protect national security and supply chains.

President Biden blocked the $14 billion takeover of US Steel by Nippon Steel citing national security risks.

The Biden administration blocked Nippon Steel's $15 billion acquisition of U.S. Steel, citing national security concerns over domestic steel production.

Biden's decision to block the merger emphasizes the importance of domestic ownership and national security.

The proposed deal between US Steel and Nippon Steel faces significant political opposition, posing risks to jobs and the company's future in Pittsburgh.