US Steel and Nippon Steel are considering delaying their $14.1 billion merger amid growing opposition. Senator Sherrod Brown has voiced strong opposition to the deal, citing concerns for workers and trade enforcement in the steel industry. Additionally, two steel-state Democrats facing reelection are pressing President Biden to intervene against the acquisition. The deal faces significant challenges from labor and regulatory bodies, and its controversy has become a focal point in an election year, with both President Biden and former President Trump seeking to win over swing-state votes.
A steel deal between the US and Japan is caught in an election year fight as Biden and Trump vie for swing-state votes https://t.co/Ww4Mpc6fKe
Nippon Steel faces twin hurdles to U.S. Steel deal: labor and regulators https://t.co/kSBNZiggIF
Two steel-state Democrats in tough reelection fights are urging President Biden to do more to stop the proposed acquisition of US Steel by Japan-based Nippon Steel https://t.co/seOVR833V8
We need to stop Nippon Steel’s takeover of U.S. Steel. It’s bad for workers and bad for our trade enforcement in the steel industry. https://t.co/g7Gn7rz9O7
US Steel and Nippon Steel are deliberating a decision to formally push back the time frame they expect to close their contentious $14.1 billion deal https://t.co/Zo0nw9Dv0M