The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.
Category: United States Steel Corporation
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National Security Committee Forgoes Decision on U.S. Steel Acquisition
The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal.
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U.S. Steel C.E.O. Says Nippon Deal Will Strengthen National Security
David Burritt expressed confidence that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
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Biden Administration Is Likely to Delay Decision Over U.S. Steel
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
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U.S. Blowback to Nippon Steel-U.S. Steel Merger Vexes Japan
A looming decision in Washington to block Nippon Steel’s merger with U.S. Steel on national security grounds is raising sharp questions in Tokyo.
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Japan Tries to Reclaim Its Clout as a Global Tech Leader
Japanese chip companies are tapping billions of dollars and collaborating with foreign firms as part of new government policies that look outward.
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How Swing State Politics Are Sinking a Global Steel Deal
As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
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Biden Expected to Block U.S. Steel Takeover
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
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Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril
The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.
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The Politics of a Steel Deal Hangs Over Biden’s Japan Summit
The president’s effort to court voters in crucial swing states is influencing economic and trade policy, and worrying longstanding allies.
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Biden’s Trade Moves Raise Tensions With China and Japan but Draw Cheers at Home
The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump.
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Biden Faces More Pressure From Environmentalists to Block Steel Merger
Climate change joins national security and concern about jobs in a mounting pressure campaign to prevent Nippon Steel from buying U.S. Steel.