President Joe Biden will oppose the planned sale of U.S. Steel to Nippon Steel. In a statement being released today, Mr. Biden says the nation needs "strong American steel companies powered by American steel workers.” Nippon Steel announced in December it plans to buy U.S. Steel for $14.9 billion. That raised concerns within the federal government about the transaction's impact on union workers, supply chains and national security.
View all episodes
By AudacyPresident Joe Biden will oppose the planned sale of U.S. Steel to Nippon Steel. In a statement being released today, Mr. Biden says the nation needs "strong American steel companies powered by American steel workers.” Nippon Steel announced in December it plans to buy U.S. Steel for $14.9 billion. That raised concerns within the federal government about the transaction's impact on union workers, supply chains and national security.