President Biden emphasized the importance of keeping US Steel domestically owned, stating, "We need major US companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests." This statement highlights the administration’s priority to ensure that crucial industries like steel, which support national security and critical supply chains, remain under American control.
Biden noted the potential risks of foreign ownership by stating, "Without domestic steel production and domestic steel workers, our nation is less strong and less secure." This reflects his administration's stance on how essential domestic production is for overall national security.
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