Skip Navigation

Steelworkers Union Applauds as Biden Blocks Sale of US Steel to Japanese Giant

www.commondreams.org Steelworkers Union Applauds as Biden Blocks Sale of US Steel to Japanese Giant | Common Dreams

"We're grateful for President Biden's willingness to take bold action to maintain a strong domestic steel industry and for his lifelong commitment to American workers," said United Steelworkers International President David McCall.

Steelworkers Union Applauds as Biden Blocks Sale of US Steel to Japanese Giant | Common Dreams

Biden said he ultimately decided to block the proposed acquisition because he believes that "a strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains."

The Committee on Foreign Investment in the United States, a federal committee that has the power to review certain transactions involving foreign investment in the United States to evaluate a deal's impact on national security, decided to forgo making a formal recommendation about whether the deal should be allowed to proceed last week.

4