Overview

• President Joe Biden opposes the sale of U.S. Steel to Japan-based Nippon Steel, emphasizing the importance of keeping U.S. Steel American-owned and operated.
• Nippon Steel responds by highlighting the deal's benefits for American workers and national security, and commits to honoring collective bargaining agreements.
• Critics argue Biden's opposition is politically motivated, aiming to court blue-collar voters ahead of elections, and point out the deal could counter China's dominance in the steel market.
• The United Steelworkers union supports Biden's stance, citing concerns over national and economic security.
• The controversy reflects broader debates over foreign investment, government intervention in business, and the future of American manufacturing.