Biden voices opposition to US Steel's sale to Japanese firm
XU. S. Steel(X) Fox Business·2024-03-15 04:36

President Biden said Thursday he is against U.S. Steel being sold to a foreign entity, making his position known three months after the announcement that the iconic American company reached a deal to be purchased by Japan's Nippon Steel. "It is important that we maintain strong American steel companies powered by American steel workers," the president said in a statement released by the White House. "I told our steel workers I have their backs, and I meant it," Biden's statement continued. "U.S. Steel has b ...