Senators Josh Hawley, Marco Rubio, and J.D. Vance are calling on President Joe Biden to prevent Japan’s Nippon Steel Corporation from acquiring United States Steel Corporation. The deal, worth nearly $15 billion, would see the iconic American steel company sold off to the Japanese corporation. In a letter to President Biden, the senators highlight his previous statements opposing foreign ownership of U.S. Steel and urge him to take action to block the sale. They point out that previous presidents, such as Trump, have used their powers to protect American industries from foreign acquisitions. The senators also raise concerns about Nippon Steel’s ties to China, citing various manufacturing bases in the country. The sale of U.S. Steel is significant due to its historic role in supporting the Allies during WWII. This story was reported by John Binder at Truth Voices.
