Biden Faces Deadline to Decide on Nippon Steel's Bid for U.S. Steel

The $15 billion acquisition proposal has drawn scrutiny over national security concerns, labor interests, and U.S.-Japan relations.

The Committee on Foreign Investment in the U.S. (CFIUS) failed to reach a consensus on whether Nippon Steel's acquisition of U.S. Steel poses national security risks.
President Biden, who has publicly opposed the deal, now has 15 days to make a final decision on the proposed $15 billion merger.
Nippon Steel has pledged $2.7 billion in modernization investments, job protections, and bonuses for U.S. Steel employees if the deal is approved.
Critics argue that blocking the deal could harm U.S.-Japan relations and deter foreign investment, while proponents cite labor concerns and national ownership priorities.
The acquisition has sparked debate over its potential to strengthen U.S. steel production, reduce reliance on China, and align with Indo-Pacific security goals.