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International Business Times

AFP News

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

United States US Steel Janet Yellen Nippon Steel Nippon United States Steel US Treasury CFIUS America

Members of the Japan Business Federation joined US groups to pen the letter to Janet Yellen (Credit: AFP)

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

The $14.9 billion takeover, agreed by the firms in December, has met opposition from both presidential candidates Kamala Harris and Donald Trump.

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