Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to national security. "It is my solemn responsibility as president to ...

That suit, filed in federal court in Pennsylvania, says the opponents tried to scuttle the sale in order to monopolize the domestic steel market. Sponsor Message "We remain confident that the ...

President-elect Donald Trump weighed in as well, questioning the wisdom of the sale given his plans. "Why would they want to sell U.S. Steel now when tariffs will make it a much more profitable ...

US Steel has gone to court to salvage its sale to a Japanese steelmaker. President Biden moved to block that sale last week, citing national security concerns. U.S. Steel is going to court to try ...

TOKYO, Jan 6 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion ...

with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. “This acquisition would place one of America’s largest steel producers ...

Copyright 2025 The Associated Press. All Rights Reserved. A hot rolling mill at Nippon Steel’s Kashima Plant in Kashima, Japan on Friday, Dec. 6, 2024. (AP Photo ...

The move nevertheless enjoyed rare bipartisan agreement, with Republican US president-elect Donald Trump and incoming vice president J.D. Vance also campaigning against the sale. “This acquisition ...

with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...

with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...