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International Business Times
International Business Times
Business
AFP News

Biden Opposes Nippon Steel Takeover Of US Steel: Statement

US Steel Nippon Joe Biden United States Donald Trump CFIUS Japan the White House Tokyo Washington D.C.
US President Joe Biden speaks during a campaign event in Milwaukee, Wisconsin (Credit: AFP)

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

Biden's intervention comes less than a month before he is due to host Japan's Prime Minister Fumio Kishida for a state visit to the White House to underscore ties.

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