US Steel Faces Uncertain Future Amid Political Opposition to Nippon Sale

CEO warns of plant closures and headquarters move if $15 billion deal with Nippon Steel falls through, despite bipartisan resistance.

President Biden, Vice President Harris, and former President Trump all oppose the sale to Nippon Steel.
US Steel's CEO emphasizes the necessity of the deal to avoid job cuts and maintain operations.
Nippon Steel pledges significant investments and a majority-American board to ease concerns.
The United Steelworkers union remains skeptical, fearing job losses and broken promises.
The deal's approval hinges on overcoming political and union resistance, with significant economic implications.