U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’ – One America News Network

The logo of Japan’s largest steel manufacturer Nippon Steel corporation is displayed in front of the company’s head office in Tokyo on January 6, 2025. Japan’s Prime Minister Shigeru Ishiba on January 6 called for clarity on why US President Joe Biden blocked a controversial USD 14.9 billion deal for Nippon Steel to buy US Steel. (Photo by KAZUHIRO NOGI/AFP via Getty Images)

OAN Staff James Meyers
11:02 AM – Monday, January 6, 2025

U.S. Steel and Japan’s Nippon Steel sued the U.S. government on Monday in a bid to challenge the Biden administration’s order to block the almost $15 billion deal for the Japanese company to buy the American steelmaker.

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The lawsuit, filed in federal court in Washington, D.C., accused Biden and senior administration officials of corrupting the deal’s review process and American steel workers by blocking the…

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