Japan’s Largest Steelmaker’s Bid To Buy US Steel Puts Biden On The Political Spot – Analysis

By Richard Katz

US President Joe Biden’s March 2024 statement opposing Nippon Steel’s purchase of US Steel — saying ‘it is vital for it to remain an American steel company that is domestically owned’ — may help his uphill drive for re-election. Indeed, a week later, the United Steelworkers (USW) union endorsed his...