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Ximena Bustillo

Biden opposes Nippon Steel takeover of U.S. Steel. It's an issue in some swing states

Joe Biden Donald Trump US Steel Teamsters White House
President Biden talks with supporters during a campaign event in Saginaw, Mich., on March 14. (Jacquelyn Martin/AP)

President Biden on Thursday said he opposes a deal that would see Japan's Nippon Steel take over U.S. Steel, a proposed takeover that has become a political lightning rod for the presidential race in midwestern swing states.

The $15 billion deal was announced in December, and has been fiercely opposed by the United Steelworkers union. U.S. Steel is based in Pennsylvania — a battleground state for 2024 — and has operations in Michigan, Minnesota, Ohio and other states as well.

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