


Vice President Kamala Harris expressed her opposition to Japanese firm Nippon Steel’s $15 billion bid to take over U.S. Steel at a campaign event in Pittsburgh on Monday, echoing President Joe Biden’s strong disapproval of the deal.
Democratic presidential nominee, U.S. Vice President Kamala Harris speaks during a campaign event at ... [+]
Speaking at a campaign event in Pittsburgh, Harris called U.S. Steel a “historic American company” and said it was vital for the country to “maintain strong American steel companies.”
The Democratic presidential nominee added: “U.S. Steel should remain American-owned and American-operated, and I will always have the backs of America’s steelworkers.”
Speaking before Harris, Biden reiterated his stance on the matter, saying he believes in “American-owned and operated steel companies,” adding that U.S. Steel “an iconic American company for more than a century is going to remain an American company.”
Responding to Harris’ comments, Nippon Steel told various outlets it was confident its acquisition of U.S. Steel would “revitalize the American steel rust belt, benefit American workers, local communities, and national security in a way no other alternative can.”
The Japanese steelmaker added that a “fair and objective regulatory review process will support this outcome” and allow the company to complete the merger “as soon as possible.”
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In a statement shared with Bloomberg, leaders of the United Steelworkers union praised Harris’ comments, saying they “make it clear that she understands the crucial role of the steel industry, not only when it comes to safeguarding our national security, but also to ensuring a brighter future for the workers and communities that depend on good, union jobs.” In July, United Steelworkers endorsed Harris, calling her “a true partner” who “listens to working people” and “understands their concerns.”