US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan’s Nippon Steel and will reportedly announce the move as soon as Friday.
Photo: Richard A. Brooks / AFP
Source: AFP
President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan’s Nippon Steel, citing a strategic need to protect domestic industry.
“This acquisition would place one of America’s largest steel producers under foreign…
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