US President Joe Biden has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo and scare off other foreign investors.
Biden cited threats to national security in rejecting the Nippon Steel purchase, saying US ownership was important to keeping the US steel industry and its supply chains strong.
His intervention follows pressure from the United Steelworkers union, which had opposed […]
Biden blocks Japan's Nippon Steel from buying US Steel – BBC
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