Why Biden cited national security concerns as he blocked a Japanese bid to buy U.S. Steel
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President Biden said he would block the sale of one of America's most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion. Nick Schifrin discussed the president's decision with David Wessel of the Brookings Institution and Sheila Smith of the Council on Foreign Relations. PBS News is supported by - https://www.pbs.org/newshour/about/funders
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