Biden opposes Nippon Steel takeover of U.S. Steel. It's an issue in some swing states
Posted on AllSides March 15th, 2024
From The Left
Jacquelyn Martin/AP
ANALYSIS
President Biden on Thursday said he opposes a deal that would see Japan's Nippon Steel take over U.S. Steel, a proposed takeover that has become a political lightning rod for the presidential race in midwestern swing states.
The $15 billion deal was announced in December, and has been fiercely opposed by the United Steelworkers union. U.S. Steel is based in Pennsylvania — a battleground state for 2024 — and has operations in Michigan, Minnesota, Ohio and other states as well.
The White House said Biden had called the president of the union...
AllSides Media Bias Rating: Lean Left
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