The White House is considering blocking the acquisition of U.S. Steel by Nippon Steel, with a government review of the proposed takeover by the Japanese company nearing completion. President Joe Biden is reportedly planning to halt the deal, pending the official recommendation from the Committee on Foreign Investment in the United States, expected to be finalized this month.
Biden has expressed opposition to the merger, aligning with the United Steelworkers union, which opposes the deal. U.S. Steel, headquartered in Pennsylvania, holds significance in the state's industrial landscape and is a focal point in the current election year's discussions on domestic manufacturing job creation.
