Businesses warn Yellen on 'political pressure' over US Steel sale
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Major Japanese and American business groups urged US Treasury Secretary Janet Yellen not to yield to political pressure regarding Nippon Steel's $14.9 billion acquisition of United States Steel, agreed in December 2023; opposition from presidential candidates Kamala Harris and Donald Trump; US Steel warned of potential shutdown of Pennsylvania headquarters if the deal is blocked; Yellen chairs CFIUS, which is reviewing the transaction; letter dated September 11, 2024, expressed concerns over politicization affecting national security and the US economy; Nippon Steel's vice president met CFIUS members on September 11, 2024; letter highlighted that foreign companies employ 7.9 million US workers; warned of reciprocal actions against American firms investing abroad.

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https://www.legit.ng/business-economy/economy/1613436-businesses-warn-yellen-political-pressure-steel-sale/