Author: Alan Rappeport

WASHINGTON – The decision on whether to block the sale of U.S. Steel to Nippon Steel of Japan is expected to be postponed by the Biden administration until after the election. The process has become entangled in presidential politics, causing delays in a final verdict, as informed by sources familiar with the situation. Key figures from both Democratic and Republican parties, including President Joe Biden, Vice President Kamala Harris, and former President Donald Trump, have voiced their opposition to Nippon’s $15 billion takeover bid of U.S. Steel. They advocate for U.S. Steel to remain under American ownership and control. The…