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Biden preparing to block Nippon’s US Steel takeover: report

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FILE PHOTO: An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo, Japan in this photo taken by Kyodo November 7, 2023.  Mandatory credit Kyodo/via REUTERS/File Photo
An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo, Japan in this photo taken by Kyodo November 7, 2023. — Kyodo/via REUTERS/File Photo

WASHINGTON — U.S. President Joe Biden is preparing to block Nippon Steel’s acquisition of U.S. Steel, the Washington Post reported on Wednesday, citing three unnamed sources.

The newspaper did not say when Biden was expected to take action.

(Reporting by Jasper Ward; editing by Rami Ayyub)

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