Biden said a White House committee of national security and trade experts determined that Nippon Steel’s purchase of U.S. Steel would create risks for both the supply chain and national security.

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Curtin University's Dean of Global Futures Joe Siracusa discusses US President Joe Biden blocking the sale of US Steel to Japanese firm Nippon Steel. President Joe Biden says he will block the ...

"This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said in a statement.

President Joe Biden controversially blocked the nearly $15 billion proposed acquisition of Pittsburgh-based US Steel by Japan ... was made due to national security concerns," added the government ...

"A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains," Biden said in a statement. "Without domestic ...

or delay an approval until Nippon Steel could allay concerns that its ownership would harm the American manufacturing supply chain. During closed-door discussions, national security adviser Jake ...

That would have allowed Nippon Steel to advance more proposals to minimize potential national security risks, effectively pushing the matter to the next administration, according to three officials.

For months, United States Steel argued that selling out to Japanese-owned Nippon Steel was the only way to survive. President Joe Biden thought different, concluding that even a takeover by a ...

Mr. Biden on Friday stopped the merger from going forward, arguing that foreign control of U.S. Steel would jeopardize America’s national security. Nippon Steel and U.S. Steel assailed Mr. Biden ...

A Japanese expert on US government policy says blocking the buyout of US Steel by Nippon Steel could cause a US national security concern. Imamura Takashi, president and CEO of Marubeni Institute ...

After all, the president said that a domestically owned and operated steel industry is important to national security. But what Nippon Steel was saying is, we're still going to make it in the ...