A U.S. Steel plant in Braddock, Pa. Top Democrats and Republicans have been in agreement that Nippon’s $15 billion bid to take over the company should not move forward.
As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.
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