Harris says US Steel should remain American owned and run
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Vice President Kamala Harris and President Joe Biden declared that US Steel Corp should remain American-owned, opposing its proposed sale to Japan's Nippon Steel Corp; Harris emphasized the importance of US Steel as a historic American company during a Labor Day event in Pittsburgh on September 3, 2024; Biden reiterated his stance, stating US Steel will remain an American company; the deal, valued at US$14.10 billion, faces opposition from the United Steelworkers union and local senators; Nippon Steel announced an additional US$1.3 billion investment in US Steel's unionized mills; the takeover is under review by the Committee on Foreign Investment in the US; the political debate intensifies ahead of the November elections.

#UsSteel #KamalaHarris #JoeBiden #NipponSteel #LaborDay #UnitedSteelworkers #Pennsylvania #Takeover #Investment #Politics

https://theedgemalaysia.com/node/725281 

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