Agreeing with Vance, Biden Likely to Block Takeover of U.S. Steel
Briefly

from The American Conservative5 months ago
The acquisition of U.S. Steel by Nippon Steel faces strong political opposition, with both Kamala Harris and Donald Trump asserting that it should remain an American-owned enterprise.
The American Conservativehttps://www.theamericanconservative.com/agreeing-with-vance-biden-likely-to-block-takeover-of-u-s-steel/
Senator J.D. Vance, alongside other Republican Senators, stressed the legal authority President Biden holds to unilaterally block the acquisition under relevant national security laws.
The American Conservativehttps://www.theamericanconservative.com/agreeing-with-vance-biden-likely-to-block-takeover-of-u-s-steel/
Critics warn that Nippon Steel's acquisition could jeopardize thousands of American jobs and disrupt a vital industry, crucial for national security.
The American Conservativehttps://www.theamericanconservative.com/agreeing-with-vance-biden-likely-to-block-takeover-of-u-s-steel/
Cleveland-Cliffs, an American steel maker that previously bid for U.S. Steel, could stand to benefit significantly if Biden cancels the Nippon Steel acquisition.
The American Conservativehttps://www.theamericanconservative.com/agreeing-with-vance-biden-likely-to-block-takeover-of-u-s-steel/
Read at The American Conservative
#biden-administration #us-steel #nippon-steel #national-security #steel-industry
[
|
]