US President Biden to express concerns over Nippon Steel's acquisition of US Steel.

US President Joe Biden is expected to express concerns over Nippon Steel's proposed $14.9bn acquisition of US Steel due to national security concerns and lack of consultation with US Steel's main union. Biden plans to issue a statement on the deal before Japanese Prime Minister Fumio Kishida's state visit to Washington on 10 April. The White House had previously stated that the deal should be carefully scrutinized due to US Steel's role in producing a material critical to national security.

March 13, 2024
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