Nippon and US Steel sue government over blocked deal

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Nippon and US Steel sue government over blocked deal - BBC Business

Quick Summary:

The companies allege President Biden "ignored the rule of law to gain favor" with trade unions.

According to economic analyses, the tariffs on foreign steel that he unveiled in 2018 led to modest job gains at steel-makers but job losses at other manufacturing companies that were forced to contend with higher steel costs.

The two companies also alleged that Biden, who is entering the last weeks of his presidency, stopped Nippon Steel buying US Steel to pursue his own political agenda.