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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Biden To Block US-Japan Steel Deal: US Media

United States Joe Biden Nippon Steel US Steel Japan Nippon Donald Trump Washington D.C. National Security
Nippon and US Steel asked a federal interagency panel to review their proposed $14.1 billion deal following protests on Capitol Hill. (Credit: AFP)

US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan's Nippon Steel and will announce the move as soon as Friday, according to US media.

A White House announcement of the presidential finding is being planned unless Biden has a last-minute change of heart, according to the Washington Post and the New York Times.

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