President Biden emphasized that the acquisition would place one of America's largest steel producers under foreign control, risking national security and critical supply chains.
The president highlighted his obligation to maintain a strong, domestically owned steel industry, which is essential for America's strength both at home and internationally.
Opposing the acquisition aligns with Biden and Trump's shared stance during the presidential campaign, advocating for the preservation of U.S. Steel as an American company.
While advocates for the deal argued for modernization and competitiveness, the decision to block it resonates with union workers prioritizing national security.
Collection
[
|
...
]