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Biden opposes plan to sell US Steel to a Japanese firm, citing the need for ‘American steel workers’

Posted on AllSides March 14th, 2024
From The Left
President Joe Biden
AP Photo/Morry Gash

WASHINGTON (AP) — President Joe Biden came out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan, saying on Thursday that the U.S. needs to “maintain strong American steel companies powered by American steel workers.”

In a statement, Biden added: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.”

By opposing the merger, Biden has chosen to support unionized workers in a critical election...

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