Sens. Hawley, Rubio, Vance Demand Joe Biden Block Japanese Corp. from Buying U.S. Steel
Sens. Josh Hawley, Marco Rubio, and J.D. Vance are demanding Joe Biden block Japan’s Nippon Steel Corporation from buying U.S. Steel.
Sens. Josh Hawley, Marco Rubio, and J.D. Vance are demanding Joe Biden block Japan’s Nippon Steel Corporation from buying U.S. Steel.
Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal.
A few Senators from the nation’s Rust Belt are sounding the alarm over the ties between the Chinese Communist Party (CCP) and the Nippon Steel Corporation — the Japanese conglomerate looking to purchase the United States Steel Corporation.
The Japanese company trying to purchase the United States Steel Corporation has manufacturing bases in China. The revelation raises more national security concerns as President Joe Biden has yet to commit to blocking the acquisition.
Sen. John Fetterman (D-PA) is leading Senators in demanding Biden’s administration save U.S. Steel from being bought by a foreign company.
Sens. J.D. Vance (R-OH), Josh Hawley (R-MO), and Marco Rubio (R-FL) are calling on President Joe Biden to block the sale of the United States Steel Corporation by Japan’s largest steelmaker.
The United States Steel Corporation, which played a critical role in helping the Allies defeat Imperial Japan and Nazi Germany in World War II, is now being sold to Japan’s largest steelmaker.
Executives with the United States Steel Corp. announced days ago that they are canceling a $1.5 billion project in western Pennsylvania that was set to bring thousands of middle-class union jobs to the region, a move that many are now blaming on Democrats and environmental groups.
America’s union workers, especially in the swing states of Michigan, Ohio, and Pennsylvania, are ready to deliver a victory for President Trump as they helped push him over the finish line in 2016.
U.S. Steel announced that more than 1,500 American workers will be laid off as the company plans to effectively idle a plant near Detroit, Michigan.
United States Steel Corp is planning to lay off nearly 200 American workers at its Great Lakes, Michigan plant while it halts production for at least six months.
President Donald Trump’s tariffs on foreign steel imports are helping to clean up the environment in Pennsylvania while boosting investments in American manufacturing workers.
Higher steel prices have made investment in domestic steel production profitable again.
Peoria County, Illinois is leading the nation in wage increases as the region experiences a manufacturing boom for American workers.