The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption."

US Secretary of State Antony Blinken insisted during a visit to Tokyo on Tuesday that ties with Japan were stronger than ever, days after President Joe Biden blocked Nippon Steel's takeover of US Steel.

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,

The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach

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

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,

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 has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo and scare off other foreign investors.

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,

President Joe Biden formally recognized 135 individuals from then-Kamehameha Schools for Boys who were sent to claim remote Pacific Islands near the equator.