Trump and Biden oppose Nippon-US Steel merger: What is VP Kamala Harris' position?

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Vice President Kamala Harris is yet to weigh in on the proposed merger between U.S. Steel and Nippon Steel even as President Biden and former President Trump have expressed opposition.

Vice President Harris' views on the pending merger of U.S. Steel and Nippon Steel remain unclear. The Democratic Party's nominee has yet to weigh in on the proposed deal that has attracted bipartisan political scrutiny despite shareholders voting decisively in favor of the deal. The deal, which would have Nippon Steel acquire U.S. Steel for $14.9 billion, is undergoing a review by the Committee on Foreign Investment in the U.S.

Pennsylvania Gov. Josh Shapiro, a Democrat who was one of the leading contenders to become Harris' running mate, said in late July that "if the U.S. steelworkers aren't happy with this deal, which they are not, I'm not happy with this deal." Former President Trump, who is now Harris' main rival for the presidency, expressed opposition to the deal in February and reiterated that view Monday.

Steel did not immediately respond to a request for comment. The company previously told FOX Business, "We remain committed to the transaction with Nippon Steel, which is the best deal for our employees, shareholders, communities and customers. "The partnership with Nippon Steel, a long-standing investor in the United States from our close ally Japan, will strengthen the American steel industry, American jobs and American supply chains and enhance the U.S.

 

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