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FOUND: Biden blocks us japan steel deal | Mind Blowing Facts

Joe Biden United States US Steel Nippon Steel Donald Trump

US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan's Nippon Steel and will reportedly announce the move as soon as Friday (Credit: AFP)

President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan's Nippon Steel, citing a strategic need to protect domestic industry.

"This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said in a statement.

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