<p><a href="/tags/ussteel/" rel="tag">#USSteel</a> & <a href="/tags/nipponsteel/" rel="tag">#NipponSteel</a> announced on Fri that they had entered into an agreement w/the <a href="/tags/usgovernment/" rel="tag">#USgovernment</a> to seal the terms of a “partnership” between the companies, >1yr after the Japanese <a href="/tags/steel/" rel="tag">#steel</a> maker 1st tried to buy its US competitor.</p><p>President Joe <a href="/tags/biden/" rel="tag">#Biden</a>, under pressure from the <a href="/tags/unitedsteelworkers/" rel="tag">#UnitedSteelworkers</a> <a href="/tags/union/" rel="tag">#union</a>, blocked the deal on the basis that it was a threat to <a href="/tags/nationalsecurity/" rel="tag">#NationalSecurity</a>. <a href="/tags/trump/" rel="tag">#Trump</a>, who also initially opposed the deal, reversed himself & decided…to revive it.</p><p><a href="https://www.nytimes.com/2025/06/13/business/us-steel-nippon-steel-partnership-deal.html?smid=nytcore-ios-share&referringSource=articleShare" rel="nofollow" class="ellipsis" title="www.nytimes.com/2025/06/13/business/us-steel-nippon-steel-partnership-deal.html?smid=nytcore-ios-share&referringSource=articleShare"><span class="invisible">https://</span><span class="ellipsis">www.nytimes.com/2025/06/13/bus</span><span class="invisible">iness/us-steel-nippon-steel-partnership-deal.html?smid=nytcore-ios-share&referringSource=articleShare</span></a></p>