Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel

Of course not. After the election

That Biden and democrats are simlpy catering to Pennsylvania votes is obvious as trump being an idiot. They won't show there true position until after the election. Protecting US Steel from Chinese competition requires approving the sale to Nippon Steel.

Biden is close with the United Steelworkers, the labor union whose members work for U.S. Steel and worry about the loss of job protections.

Close with union leaders.

maybe it’s time to walk away. politics and optics are outweighing business sense.

build a modern mill in mexico to supply high quality steel to japanese automakers in the u.s. i’m sure mexico won’t mind the investment and new jobs.

Biden is in no rush to do anything.

He needs to be 25th-ed.

The Biden administration seems to have finally realized that Japan was a fifty-second state of the U.S.A. and that Nippon Steel's takeover of U.S. Steel would not be so big a deal as to be worrisome for its security.

The sale to Nippon Steel will definitely go ahead after the election. Japan will get the US Steel industry going again.

The only other is to block it - and watch US Steel die within a few years, with thousands of jobs being lost.

US Steel in Pennsylvania is a shadow of what it once was.

The owners of US Steel and other steel companies like Bethlehem closed a huge number of mills in the 1970s and 1980s. Hundreds of thousands of jobs were lost.

The rich owners refused to invest their profits in modern technology. The purpose was to destroy the once powerful Steelworkers Union.

Why Nippon Steel? They are the fourth largest steel company in the world. The closest American company is Nucor ranked around 15. (2022 figures). Nippon Steel has advanced technology. US Steel is backward by comparison.

The US is also promoting Nippon Steel for geo-political reasons in relation to China and India, since no US company has a chance to be a major world steel producer.

For all the wanting a US President alone cannot block a sale like this. The President is going to wait for CFIUS to weigh in on the matter before doing anything. That is how it should be done. Everyone is impatient and unwilling to let due process play out.

If US Steel is about to go under anyway, why not let the Japanese try a little of their magic in order to keep the company viable?

If US Steel is about to go under anyway, why not let the Japanese try a little of their magic in order to keep the company viable?

Exactly.