White House: US decision to block Nippon-U.S. Steel deal was about keeping critical business in American hands-February 2024-www.financetom.com

White House: US decision to block Nippon-U.S. Steel deal was about keeping critical business in American hands

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White House: US decision to block Nippon-U.S. Steel deal was about keeping critical business in American hands

Jan 3, 2025 9:14 AM

Jan 3 (Reuters) - U.S. President Biden's decision to

block the sale of U.S. Steel was not about slighting Japan, a

key Indo-Pacific ally, but about keeping steel production in the

United States, White House National Security spokesperson John

Kirby said on Friday.

"This is about U.S. steel-making and keeping one of the

largest steel producers in the United States an American-owned

company," Kirby said.

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