Joe Biden can stop major steel deal

» Published: December 24 2024

Joe Biden can stop major steel deal
Photo: Gene J. Puskar/AP/TT

The outgoing US President Joe Biden may have the final say on the Japanese Nippon Steel's intended purchase of US Steel. Biden gets the case since a panel that was to express itself has not been able to agree.

Biden has 15 days to make a decision. The shareholders have said yes – one motivation is that the two companies as one can better withstand competition from China.

Biden has, without saying a direct no, expressed opposition to the deal for both economic and security policy reasons.

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By TTTranslated and adapted by Sweden Herald
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