U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Tag: United States Steel Corporation
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.
Biden Expected to Block U.S. Steel Takeover by Nippon
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.
Japan and US Seek to Strengthen Ties as Kishida Visits
Hovering over a state visit to Washington is the possibility of a swing in American foreign policy if Donald Trump returns to the White House.
U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy
The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.