Vice President Kamala Harris emphasized the importance of U.S. Steel remaining American-owned during a campaign event in Pittsburgh, gaining applause from supporters and reflecting strong political opposition to foreign ownership.
The United Steelworkers union argued that Nippon Steel's acquisition of U.S. Steel would threaten national security, questioning the Japanese firm’s promises regarding job security and facility closures.
Both President Biden and Donald J. Trump have signaled their disapproval of foreign ownership of U.S. Steel, highlighting a bipartisan concern that has grown around the potential merger with Nippon Steel.
Nippon Steel asserts that the merger would benefit the American steel industry and believes a fair regulatory review will validate this claim, showing confidence despite political opposition.
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