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Biden administration reportedly to block US Steel sale

By Elaine Mallon
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The Biden administration is reportedly planning to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel.

Shareholders of U.S. Steel approved the sale to the Japanese-owned company this spring, garnering fierce criticism from former President Donald Trump, Vice President Kamala Harris, and President Joe Biden.

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Biden Administration Chamber of Commerce Donald Trump Japan Steel