A proposed deal that would see US Steel Corp bought by Japan s Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications.
US Steel’s potential acquisition by a Japanese rival steelmaker may face pushback by the US government, according to comments made by US Commerce Secretary Gina Raimondo.
A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications."This is a strongly positive development for American steel, American jobs and America's national security," US Steel added.
White House urges serious scrutiny of US Steel takeover deal digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.