WASHINGTON (AP) — President Joe Biden is opposing the planned sale of U.S. Steel to Nippon Steel of Japan, saying the U.S. needs “strong American steel companies powered by American steel workers.” The announcement Thursday comes as the Democratic president campaigns in the Midwest and could have ripples in his race against Republican Donald Trump. Nippon Steel announced in December it plans to buy the Pittsburgh-based steel producer for $14 billion in cash. That raised concerns within the federal government about what the transaction could mean for unionized workers, supply chains and U.S. national security. Nippon Steel promises no job losses and says it’s committed to keeping U.S. Steel’s Pittsburgh headquarters.
