Labor groups cheer Biden dismissal of US Steel sale as businesses bristle
Labor groups applauded Friday as companies criticized the Biden administration's decision to block Japanese rival Nippon Steel's acquisition of steelmaker U.S. Steel, citing national security concerns. sent. Nippon Steel and U.S. Steel said they were “regretted” by the decision and said the administration had not presented evidence that the deal could harm national security. “Instead […]
Biden Vows To Block U.S. Steel Sale To Japan’s Nippon Steel
US President Joe Biden speaks during a ceremony in the East Room of the White House in Washington, DC, on January 2, 2025. (Photo by Chip Somodevilla/Getty Images) OAN Staff James Myers8:15am – Friday, January 3, 2025 President Joe Biden announced Friday that he would block the sale of U.S. Steel to Japanese-owned Nippon Steel […]
Brown hails Biden decision to block Japanese takeover of US Steel
Outgoing Sen. Sherrod Brown (D-Ohio) on Friday praised President Biden's decision to block Japan's Nippon Steel Corp.'s acquisition of U.S. Steel, a deal worth $14 billion. “This deal was done behind closed doors, with no workers at the table, and it represented a clear threat to America's national and economic security and ability to enforce […]
Biden to block US Steel sale to Japanese buyer: report
U.S. President Joe Biden is poised to formally block Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, officials said Friday, dealing a perhaps fatal blow to the controversial merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal, taking national security risks into account, but after failing […]
Can a steel town survive if its furnaces are turned off? – podcast | Wales
Tata Steel announced in January that it would end primary steel manufacturing at Port Talbot. The town is known for its two giant blast furnaces and a large steel mill that has provided employment for decades. George McDonagh went there to see people's reactions. He met Gareth Edwards, who had worked there for 30 years […]
Pompeo bucks Trump, calls for Nippon steel deal
Mike Pompeo, who served as Secretary of State in the first Trump administration, supported Nippon Steel's attempt to acquire U.S. Steel, a marked change in direction from President-elect Trump, who had vowed to block the acquisition. “Blocking this purchase would reduce our ability to maintain robust and competitive domestic steel production and undermine our national […]
Biden to formally kill Nippon Steel’s $15B takeover of US Steel on national security grounds: report
President Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the $15 billion deal is returned later this month. Bloomberg News reported Tuesday, citing people familiar with the matter. Asked about Biden's plans for the deal, which is being considered by the National Security Council, White House […]
Trump doubles down on vow to block Nippon-US Steel deal
President-elect Donald Trump reiterated his intention to block Nippon Steel's planned takeover of U.S. Steel and pledged to support the U.S. steel industry. “I am completely opposed to the once great and powerful U.S. Steel being acquired by a foreign company, in this case by Japan's Nippon Steel,” Trump said. post on his social media […]
Trump says he would block US Steel acquisition by Nippon Steel
President-elect Trump has vowed to block Nippon Steel's acquisition of US Steel. “I am completely opposed to the once great and powerful U.S. Steel being acquired by a foreign company, in this case by Japan's Nippon Steel,” President Trump said in a post on Truth Social on Monday. . He made the same promise during […]
“Buyer Beware” – Trump Says He’ll Block US Steel Takeover
The Pro-Trump News homepage sees 60 new headlines every 24 hours. Click here to take a look. President Donald Trump has said he is opposed to Japan's Nippon Steel acquiring U.S. Steel. President Trump said, “I will block this agreement from happening. Buyers beware!!!” Society of Truth: I am completely opposed to the once great […]