Harris Defends Blocking Sale Of US Steel To Japanese Company

  • 📰 CBSHealth
  • ⏱ Reading Time:
  • 14 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Politics News

US Steel,Nippon Steel,Kamala Harris

Vice President Kamala Harris reiterated her stance that Pittsburgh-based U.S. Steel should remain domestically owned, despite warnings from the company about potential job losses if the sale to Nippon Steel fails.

PITTSBURGH — Amid warnings from U.S. Steel about significant consequences if its sale to Nippon Steel fails, Vice President Kamala Harris defended her position of blocking the sale to the Japanese company. In an interview with KDKA-TV on Tuesday, the vice president reiterated her stance that Pittsburgh-based U.S. Steel should remain domestically owned.'I feel very strongly that U.S. Steel needs to remain a U.S.

Without the sale going through, the company said it will 'largely pivot away' from its blast furnace facilities. 'If you block this foreign acquisition, how can you guarantee that there will be support?' KDKA-TV's Jon Delano asked Harris on Tuesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 480. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VP Harris joins Trump, Biden in opposing US Steel-Nippon Steel mergerVice President Harris said she opposes the proposed merger between U.S. Steel and Nippon Steel, aligning her views with President Biden and her electoral rival, former President Trump.
Source: FoxBusiness - 🏆 458. / 53 Read more »