US EditionTrump says D.C. 'betrayals melted steel jobs away'
- Former President Joe Biden blocked a $14 billion merger between U.S. Steel and Nippon Steel over national security concerns in 2024.
- The deal's rejection followed concerns about unfair foreign trade and political influence, despite Nippon's commitment to U.S. Control and major investments.
- Steel workers and Pennsylvania lawmakers endured a somber 18-month period of job insecurity amid lawsuits and opposition from labor unions and competitors.
- On May 30, 2025, President Donald Trump, who had been against the merger, announced that Nippon committed to the biggest steel industry investment ever while ensuring the company remains under American ownership.
- Trump attributed the steel industry's decline to decades of federal policy, and the blocked merger signals continuing challenges for U.S. Steel sector revival.
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Uncanceled NewsTrump Says D.C. ‘Betrayals Melted Steel Jobs Away’
(The Center Square)–Six months ago, the mood in the Pittsburgh region was somber: after a year of waffling, former President Joe Biden dealt the final blow to U.S. Steel’s lucrative merger with a Japanese competitor, Nippon Steel. After blocking the $14 billion deal over national security concerns, namely unfair trade practices on the foreign market, state and federal lawmakers from Pennsylvania had only one hope left: a change of heart from new…
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Leaning Left7Leaning Right12Center10Last UpdatedBias Distribution41% Right
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41% Right
L 24%
C 34%
R 41%
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