Biden Should Approve the U.S. Steel Deal

(This article appears in Washington Monthly)

By Bill Scher

President Joe Biden has consistently opposed the proposed acquisition of Pennsylvania-based U.S. Steel by the Japanese competitor Nippon Steel but hasn’t yet formally blocked its completion. Donald Trump is also an opponent, and in the aftermath of his November 2024 victory, he reiterated his intent to scuttle the deal.

But the substantive case against the sale is weak, and recent developments have only made it weaker. And the political incentives driving Biden’s opposition have vanished. To protect American jobs and increase investment in the American economy, for one of his last acts in office, he should rise above misplaced nationalism and approve the sale.

Read the entire article HERE: Biden Should Approve the Nippon Steel Deal | Washington Monthly