Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump also opposed the takeover.

The U.S. government’s blocking of Nippon Steel Corp.’s acquisition of U.S. Steel sent shock waves through the Japanese business community and raised concerns that relations could deteriorate between the allies.

President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.

President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan's Nippon Steel. Biden said the proposed deal would place one of the largest steel producers in the U.S. under foreign control,

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland

President Joe Biden has formally blocked a proposed near-$15 billion acquisition of U.S. Steel by Nippon Steel of Japan due to "national security" concerns. The decision, announced on Jan. 3 ...

US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival.

US President Joe Biden on Friday blocked the planned takeover of US Steel by Japan's Nippon Steel on grounds of risks to national security and critical supply chains. "We need major US companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America's national interests,

The assessment by analysts comes after US President Joe Biden blocked Nippon Steel Corp’s US$14.9 billion bid for US Steel Corp.

U.S. Steel and Nippon Steel said on Monday that it is suing over President Joe Biden's decision to block its sales agreement and a domestic competitor and union over their actions to scuttle the deal.

US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan's Nippon Steel and will announce the move as soon as Friday, according to US media.Biden decided to block the deal despite intense efforts to sway him in recent days by some of his senior advisors,