Nippon Steel, the company that President Joe Biden reportedly blocked from buying United States Steel on Friday, said it was “dismayed” by a decision that “sacrificed the future of American steelworkers.”

In a set of U. S. Steel, the Japanese corporate accused Biden to violate the law to serve his own political time table only a few weeks before leaving the White House. Biden said it was national protective security and kept the company in American hands.

Newsweek contacted the White House through email to comment.

Biden’s decision, first reported by The Washington Post, effectively handed President-elect Donald Trump a political gift after the Republican also spoke out against the potential takeover, saying he was “totally against” it in December.

The $14.9 billion deal, backed by shareholders, was questioned by the Committee on Foreign Investment in the U.S. (CFIUS), which said the takeover could pose a national security threat with such a historic brand being run by a foreign entity.

The Japanese steel statement first attacked Biden for its role in resolution before the transaction would revitalize the communities built around the metal industry.

“Nippon Steel is the only partner both willing and able to make the necessary investments to protect and grow U.S. Steel as an iconic American company for the benefit of the communities in which it operates and the entire American steel industry,” the statement read.

“In summary, President Biden has sacrificed the long streak of American acid staff for his own political agenda. “

Nippon has planned $ 2. 7 billion in investments, adding at least $ 1 billion in the paintings of my valley and around $ three hundred million reserved for Gary Works.

Democratic senator John Fetterman from Pennsylvania said Friday that the Union of United Workers’ workers stood up and made Nippon a more powerful case than before advanced.

The company said it would explore all legal routes to keep the deal standing, touting its compliance with the CFIUS review while claiming the process had been “corrupted by politics.”

Nippon Steel said it had tried to assuage concerns, adding promises that U. S. Steel would hold a U. S. Board of Trustees. U. S. And a control team and that the work would be outsourced to other countries.

Despite those promises, Biden’s motion to play into Trump’s rhetoric on “America First” while keeping the Pennsylvania-founded corporation in U. S. hands. The incoming president likely would have blocked the deal if Biden hadn’t.

President Joe Biden, in a statement: “A committee of national security and trade experts determined that a Nippon Steel acquisition of U.S. Steel would place one of America’s largest steel producers under foreign control and create risk for our security and supply chains.”

Japanese steel, in a press release: “CFIUS was not for the last time that a single mitigation proposal was submitted through the parties, as evidenced by the absence of written comments to the 4 physically powerful national security agreements that the parties submitted to more than one hundred hundred hundred out of one hundred days.

Pennsylvania Governor Josh Shapiro in a press release: “In the year beyond the year, I worked to bring combination to stakeholders to protect Pennsylvania jobs, secure commitments to make primary investments in our Commonwealth, and preserve the Pennsylvania workforce that built U. S. Zero Buildings. “U. S.

Senator John Fetterman, D-Pennsylvania, in a statement: “I will accept as true and I will follow the wisdom and judgment of the union. My purpose is its purpose: protect the way of life of the union and allow it to continue. “

Scott Lincicome, vice president of the General Economy of the Cato Institute, in a blog post: “It was a policy, specifically, the USW tension in Biden and other management officials blocking the agreement and, as reported by the Pittsburgh Post-Gazette the Last month, last month, the Herculean lobbying efforts of the US Cleveland Cliffs. UU. To frustrate a new imaginable competitor in the captive metal market [thanks to price lists and other protectionism] “.

Nippon Steel has vowed to fight the decision, saying it believes the deal is the U. S. metals industry’s most productive way to do so. U. S. And thrive in the global marketplace.

The governor of Pennsylvania, Josh Shapiro, said he believes that the factor is “far from finishing” and that a long -term solution for metal in Pennsylvania is needed.

Update 3/3/25, 2:02 p. m. : This story has been updated with more information.

Dan Gooding is a Newsweek reporter based in New York City. His focus is reporting on immigration and border security. He has covered immigration issues extensively, including the root causes of migration to the U.S., its impact on border communities and responses around the country. Dan joined Newsweek in 2024 from The Independent and previously worked at The Messenger, Business Insider and in U.K. local radio. He is a graduate of De Montfort University in Leicester, UK. You can get in touch with Dan by emailing [email protected]. You can find him on X @DanGooding. Languages: English.