Us Steel deal with Nippon depends on bidges, report sources

Us Steel deal with Nippon depends on bidges, report sources

A committee of leading government official has informed President Joe Biden that he could not agree on the question of whether the sale of US Steel to a Japanese rival is a risk of national security. This reports two sources familiar with the matter.

The fate of the US Steel sale

The decision about The takeover of US Steel by nippon steel Rel = "NOFOLLOW" TARGET = "_ blank" href = "https://www.cnn.com/2024/04/business/us-steel-nippon-steel-chances/index.html"> against it . For months he has argued that the company should remain American to protect the domestic steel jobs. Washington Post was the first to report on the review of the committee.

The review of the deal by CFIUS

CNN reported that the committee for foreign investments in the United States, better known as CFIUS, was in a dead end. It was unclear whether the deal is a security risk or is just a political bone of contord.

frustration on public opposition

In the committee, high -ranking civil servants expressed frustration about the public rejection of the deal by bidges, vice -president Kamala Harris and The designated president Donald Trump , which was restricted to evaluate the deal lens.

The position of the companies involved

Both US Steel and Nippon have repeatedly emphasized that the deal is not a risk of national security. Representatives of both companies did not react immediately to the request for a comment. The shares of US Steel (

This article was also made up by CNN reporter Chris Isidore.