WASHINGTON, May 22 (Reuters) - The United Steelworkers
union urged U.S. President Donald Trump on Thursday to block
Nippon Steel's ( NISTF ) bid for U.S. Steel despite a
pledge by the Japanese steel giant to invest $14 billion in the
iconic American company, as first reported by Reuters.
In a statement published a day after a powerful national
security panel submitted a fresh recommendation on the deal to
Trump, the union said, "Now, as it continues to make flashy
promises about proposed investments, it remains clear Nippon is
simply seeking to undercut our domestic industry from the
inside."
Nippon Steel ( NISTF ) and U.S. Steel did not immediately respond to
requests for comment.