Biden blocks $14.9 billion US-Japan steel deal over national security concerns

US President Joe Biden on Friday blocked the sale of US Steel to Japan's Nippon Steel, citing concerns that the deal could threaten national security and industrial supply chains. The companies said that the move was a "clear violation of due process and the law" in a joint statement.

Biden blocks $14.9 billion US-Japan steel deal over national security concerns
US President Joe Biden on Friday blocked the sale of US Steel to Japan's Nippon Steel, citing concerns that the deal could threaten national security and industrial supply chains. The companies said that the move was a "clear violation of due process and the law" in a joint statement.

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