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Biden opposes Nippon Steel takeover of US Steel
Biden opposes Nippon Steel takeover of US Steel
by  AFP

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan. - 'Horrible' - But the proposed sale has become an election-year football in the United States.

Biden opposes Nippon Steel takeover of US Steel: statement
Biden opposes Nippon Steel takeover of US Steel: statement
by  AFP

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo. In December the USW ripped the proposed deal as reflective of a "greedy, shortsighted attitude" of US Steel, which dates to 1901, and questioned the ability of Nippon to honor contracts.

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