America blocks $14.9bn sale of US Steel to Nippon Steel [Japan]
Joe Biden, President of the United States of America, has blocked the sale of US Steel to Japanese company Nippon Steel in a $14.9 billion deal, according to multiple records. The move by Biden fulfils his political promise to Americans, however there has been concerns that the move could hurt Washington's relationship with Tokyo. In the heat of the 2024 US Presidential Elections campaign, American Steelworkers Union pressured the political […]