Some of Biden’s senior advisers have expressed concerns that blocking the deal could hurt relations with Japan, a close ally and major investor in US businesses, according to The Washington Post.

WITHIN 24 HOURS on January 6th, two events took place that encapsulate the mixed legacy Joe Biden will leave in America’s relationship with Japan. That afternoon North Korea tested an ...

President Joe Biden said Friday that he was blocking the proposed $14.9 billion acquisition of American company U.S. Steel by Japan’s Nippon Steel. Analysts said rejection of the deal could hurt ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the ...

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into ...

US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival. Biden cited a ...

US President Joe Biden has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo and ...

Biden announced in a statement he had made the decision due to “credible evidence” that the purchase could threaten national security. The Japanese corporation had offered to acquire the ...

United States President Joe Biden has blocked the $14.9bn sale of the Pittsburgh, Pennsylvania-based US Steel to Japan’s Nippon Steel. The move on Friday deals a potentially fatal blow to the ...