(VitalNews.org) – Lame-duck Joe Biden has finally done something President-elect Donald Trump agrees with: the Democrat prevented Japan’s Nippon Steel from acquiring U.S. Steel.
Once news of the potential sale broke out, Trump voiced his opposition and proposed tax incentives and tariffs to revive U.S. Steel.
The sale also stirred up bipartisan opposition due to the importance of American steel production, underscoring this issue’s critical nature.
The surprising move protects national security, preserves jobs and ensures that a crucial industry remains under American control and free from foreign influence.
Biden’s executive action prevents the $14.3 billion takeover of U.S. Steel, citing national security concerns and the critical importance of maintaining a strong, domestically owned steel industry.
The prospect of the sale raised concerns among those who have long worried about the erosion of American manufacturing capabilities and the threat of foreign control over strategic industries.
By blocking this deal, Biden surprisingly ditched the globalist agenda that has weakened America’s industrial base for decades.
This decisive action comes after the Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on the national security risks posed by the deal.
The United Steelworkers union strongly opposed the deal, fearing job losses at unionized mills.
Following Biden’s decision, U.S. Steel and Nippon Steel revealed their plans to challenge the decision in court.
U.S. Steel and Nippon claimed that the proposed deal was the only way forward to keep U.S. Steel afloat.
Both companies asserted that the sale would inject much-needed investment into U.S. Steel, which argues it would be forced to close its mills due to a lack of funds.
Although U.S. Steel used to be a staple of the American industrial sector, it went from being the most valuable company in the world to just a minor player.
“As I have said many times, steel production – and the steel workers who produce it – are the backbone of our nation. A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains,” Biden said.
Although some argue that this decision might deter foreign investment, others assert that protecting industrial sovereignty is far more critical than appeasing global financial interests.
Supporters of the decision argue that the drop in U.S. Steel’s share price is a small price to pay for maintaining control over a cornerstone of American manufacturing.
As the nation moves forward, there is a clear understanding that keeping a strong American-owned steel industry is essential for national security, economic independence and the preservation of good-paying jobs.
Copyright 2025, VitalNews.org
