"Biden Stands Firm Against Japanese Takeover of US Steel"

President Biden opposes the proposed sale of US Steel to Japan's Nippon Steel, emphasizing the importance of American steel companies and workers. His stance aims to secure support in Pennsylvania, a crucial swing state. The proposed acquisition is under review by CFIUS, and while Biden did not explicitly say he would block the deal, his remarks hold significant influence over the decision. The intervention risks straining relations with Japan, a key US ally, as the administration seeks to strengthen efforts against China.