the proposed Nippon buyout would then be officially blocked by President Biden on January 3, 2025 due to national security concerns
Union members have expressed frustration with the drawn-out process involving Nippon Steel’s $14.1 billion bid. Although U.S. Steel publicly supported the merger, labor groups remain concerned about the potential consequences for jobs, operations, and the company’s future under foreign ownership
Donald Trump announced a revised "planned partnership" between U.S. Steel and Nippon Steel, reversing his earlier opposition to the acquisition
Did Trump effectively nationalize US Steel with his ‘golden share’? - Atlantic Council