#nippon-steel

#nippon-steel

Biden blocked a $14.9 billion acquisition of US Steel to protect national security and supply chains.

President Biden blocked the $14 billion takeover of US Steel by Nippon Steel citing national security risks.

The proposed deal between US Steel and Nippon Steel faces significant political opposition, posing risks to jobs and the company's future in Pittsburgh.

President Biden's prohibition of Nippon Steel's merger with U.S. Steel is challenged as a violation of due process and politically motivated.

The CFIUS panel could not reach a consensus on the Nippon Steel-U.S. Steel deal, leaving the final decision to President Biden.

Trump opposes foreign acquisition of U.S. Steel, aiming to bolster American industry through tax incentives and tariffs.

The impending CFIUS investigation could affect the timeline and outcome of the Nippon Steel acquisition amid national security concerns.