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

Joe Biden can stop major steel deal

Advertisement

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.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All