Biden voices support for workers who are against US Steel sale

04/11/2024 03:38
Biden voices support for workers who are against US Steel sale

At a press conference with Japanese Prime Minister Kishida Fumio, US President Joe Biden was asked about his opposition to the sale of US Steel (X) to Nippon Steel (NPSCY, 5401.T).  Biden responded by saying, "I stand by my commitment to American workers. I'm a man of my word. I'm going to keep it. And, with regard to that, I stand by our commitment to our alliance." Biden had previously released a statement voicing opposition to the deal. He joins the US Steelworkers union, which is also against it.  Yahoo Finance's Julie Hyman and Josh Lipton discuss the president's comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

At a press conference with Japanese Prime Minister Kishida Fumio, US President Joe Biden was asked about his opposition to the sale of US Steel (X) to Nippon Steel (NPSCY, 5401.T).

Biden responded by saying, "I stand by my commitment to American workers. I'm a man of my word. I'm going to keep it. And, with regard to that, I stand by our commitment to our alliance." Biden had previously released a statement voicing opposition to the deal. He joins the US Steelworkers union, which is also against it.

Yahoo Finance's Julie Hyman and Josh Lipton discuss the president's comments.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Stephanie Mikulich.

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