Biden blocks sale of US steel: $14.9b Nippon Steel bid deemed national security risk
US President Joe Biden has blocked the nearly 15 billion dollar takeover of US Steel, by Japanese company Nippon. Critics argue that Biden’s action is an excessive use of executive power, for a president just weeks from leaving office. But, as White House Correspondent, Kimberly Halkett reports, Biden says the deal risks US national security. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #BidenBlocksSteelDeal #USSteelTakeover #NipponTakeover #JoeBiden #ExecutivePower #SteelIndustry #BidenDecision #USJapanRelations #CorporateMergers #PoliticalControversy #AlJazeeraEnglish
