Decision to block Nippon-US Steel deal was about keeping critical business in American hands
US President Biden’s decision to block the sale of US Steel was not about slighting Japan, a key Indo-Pacific ally, but about keeping steel production in the United States, White House National Security spokesperson John Kirby said on Friday.
US President Biden’s decision to block the sale of US Steel was not about slighting Japan, a key Indo-Pacific ally, but about keeping steel production in the United States, White House National Security spokesperson John Kirby said on Friday.
“This is about US steel-making and keeping one of the largest steel producers in the United States an American-owned company,” Kirby said.
Source: Reuters