Despite President Biden's opposition to Nippon Steel's proposed acquisition of US Steel, a decision to block the deal may not occur until post-election.
The President has assured steelworkers that he supports the importance of US Steel remaining an American-owned company, rejecting any imminent changes in the deal's status.
The United Steelworkers union firmly stated their opposition to the acquisition, emphasizing they will not be coerced, labeling the deal as 'doomed'.
With a CFIUS decision deadline approaching, both Nippon and US Steel are attempting to sway union support, presenting correspondence to highlight rejected negotiation efforts.
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