Biden to Express Concerns Over Potential Takeover of US Steel by Nippon Steel

President Joe Biden is expected to express concerns about the potential takeover of US Steel by Nippon Steel, amid growing unease over foreign acquisitions of American companies. The move is rooted in national security and economic implications, reflecting a broader push to safeguard critical industries from foreign control. The potential intervention in the Nippon Steel-US Steel deal underscores the administration’s commitment to protecting American interests and maintaining control over key sectors of the economy.