Vulnerable Steel-State Democrats Press Biden to Stop Nippon Deal

  • Biden opposes Japanese firm’s takeover of US Steel Corp.
  • Acquisition faces national security review, antitrust probe
Opposition to Nippon Steel’s acquisition of US Steel flares on Capitol Hill. Bloomberg’s Tyler Kendall speaks to proponents and critics of the deal in Congress. Source: Bloomberg
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Two steel-state Democrats in tough reelection fights are urging President Joe Biden to do more to stop the proposed acquisition of United States Steel Corp. by Japan-based Nippon Steel Corp.

“We’re pushing the White House on national security grounds and on trade enforcement,” Senator Sherrod Brown of Ohio told Bloomberg Television. “And fundamentally what this means for American workers and American jobs.”