Biden's promise to steelworkers could be tough to keep

It also picked Nippon over theBiden sided with the steelworkers, and yesterday added: "I stand by my commitment to American workers. I'm a man of my word, and I'm going to keep it." He alsoKishida, meanwhile, said that while he's confident that appropriate U.S. laws are being followed, he also stressed the importance of economic ties between the two countries. It wasn't a threat, but it was definitely a jab.

CFIUS very rarely recommends that deals be prohibited, let alone one involving a geopolitical ally like Japan. Remember, this is the group that hasn't even yet acted on TikTok.But DOJ reportedly is only interested in competition issues related to a specific factory in Alabama, which theoretically could be resolved via some sort of divestiture.

Then again, the union also still wants a Cleveland-Cliffs merger that would almost certainly run into the aforementioned antitrust troubles, which could create different problems for Biden in swing states like Pennsylvania.Share on linkedin

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