Reported about 12 hours ago
The United Steelworkers union has reiterated its strong opposition to Nippon Steel's $15 billion bid for U.S. Steel, citing concerns over national security and economic implications. Union President David McCall expressed that previous mitigations offered during the review process did not alleviate their worries, emphasizing Nippon's practices contributing to overcapacity in global markets. The union's concerns are amplified following actions by former President Biden to block the deal and recent trade tariff developments.
Source: YAHOO