President&nbsp;<a href="https://www.washingtonexaminer.com/tag/joe-biden/" target="_blank" rel="noreferrer noopener">Joe Biden</a> blocked the purchase of U.S. Steel by <a href="https://washingtonexaminer.com/tag/japan/" target="_blank" rel="noopener" title="Japan">Japan</a>’s Nippon&nbsp;<a href="https://www.washingtonexaminer.com/tag/steel/" target="_blank" rel="noreferrer noopener">Steel</a> on Friday morning.

Biden announced in a statement he had made the decision due to “credible evidence” that the purchase could threaten national security. The president’s decision comes after the Japanese corporation had offered to&nbsp;<a href="https://www.washingtonexaminer.com/op-eds/3175818/nippon-deal-test-america-free-market-credibility/" target="_blank" rel="noreferrer noopener">acquire the company for $14.9 billion</a>. <a href="http://washingtonexaminer.com/" target="_blank" rel="noreferrer noopener">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER</a> This is a developing story and will be updated.

The president's decision came after the Japanese corporation had offered to acquire the company for $14.9 billion.{ai:summary}President Biden has blocked Japan's Nippon Steel from acquiring U.S. Steel for $14.9 billion, citing "credible evidence" that the deal could pose a threat to national security. This decision reflects ongoing concerns over foreign investments in critical U.S. industries. #foreignaffairs

Biden blocks US Steel sale to Japan’s Nippon Steel - Washington Examiner

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