President Biden emphasized that blocking the merger was necessary to protect domestic industry and national security, ensuring that critical supply chains remain intact.
Despite opposition from U.S. Steel and Nippon Steel, who viewed the merger as crucial for the American company's survival, the potential loss of jobs and foreign control raised significant concerns.
The United Steelworkers union expressed support for Biden's decision, stating it was essential for both their members' security and the country's industrial sovereignty.
Collection
[
|
...
]