Steel articles
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Biden to triple taxes on Chinese steel and block Japanese takeover of US Steel
President touted plan during speech on Wednesday in Pennsylvania, where union support could prove crucialJoe Biden announced plans to triple tariffs on Chinese steel and aluminum and promised to block the acquisition of US Steel by a Japanese company during a speech to steelworkers on Wednesday in the battleground state of Pennsylvania, where union support could prove crucial in the November general election.Biden touted the plan during a visit to the United Steelworkers union headquarters in...
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U.S. Steel shareholders approve $14.9 billion buyout by Nippon Steel
President Joe Biden has said U.S. Steel must remain a domestically owned American firm.
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US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
The transaction has raised concerns about what the sale of the Pittsburgh-based company could mean for unionized workers, supply chains and U.S. national security.