Biden promises union workers to keep US Steel 'American-owned, American-operated'

Article Nachrichten

Biden promises union workers to keep US Steel 'American-owned, American-operated'
109361397
  • 📰 ABC
  • ⏱ Reading Time:
  • 55 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

He spoke in Pittsburgh during a campaign swing in battleground Pennsylvania.

, speaking to the United Steelworkers union as he proposed tripling tariffs on Chinese steel and aluminum and denouncing the sale of Pittsburgh-based U.S. Steel, promising union workers he will keep it a “totally American company.”

“U.S. Steel has been an iconic American company for more than a century, and it should remain a totally American company," he said in Pittsburgh. "American-owned, American-operated by American union steel workers, the best in the world. And it’s -- that's going to happen, I promise you.”The acquisition by Japan’s Nippon Steel took one more step last week when U.S. Steel shareholders approved the $14.9 billion sale, despite opposition from the United Steelworkers union.

The president also accused the Chinese government of “cheating” by overproducing steel and subsidizing the cost, leading to “unfairly low prices” in the global market.“The prices are unfairly low because China's steel companies don’t need to worry about making a profit because the Chinese governor subsidizes them so heavily, they're not competing, they’re cheating. They’re cheating. And we've seen the damage here in America,” he said.

“Under my predecessor -- who's busy right now -- Pennsylvania lost 275,000 jobs. I mean, just look at the facts,” Biden said.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

ABC /  🏆 471. in US

109361397

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

US Steel-Nippon Steel: A global deal for American prosperityUS Steel-Nippon Steel: A global deal for American prosperityAs meddling in the dealings of successful companies increases, the American economy will suffer the creeping statism that has hamstrung so many European economies.
Weiterlesen »

President Biden heads to Pittsburgh, calls for higher steel tariffsPresident Biden heads to Pittsburgh, calls for higher steel tariffsPresident Biden's visit to Pittsburgh marks the second of three stops on a swing through the key battleground state of Pennsylvania this week.
Weiterlesen »

U.S. Steel Shareholders Approve Takeover by Japan's Nippon Steel Opposed by Biden AdministrationU.S. Steel Shareholders Approve Takeover by Japan's Nippon Steel Opposed by Biden AdministrationU.S. Steel shareholders have overwhelmingly approved the company's sale to Nippon Steel of Japan for $14.1 billion in cash, despite opposition from the Biden administration on economic and national security grounds.
Weiterlesen »

US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administrationUS Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administrationU.S. Steel shareholders have overwhelmingly approved the firm’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds.
Weiterlesen »

US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administrationUS Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administrationU.S. Steel shareholders have overwhelmingly approved the firm’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds.
Weiterlesen »

Biden's promise to steelworkers could be tough to keepBiden's promise to steelworkers could be tough to keepBiden yesterday reaffirmed his opposition to Nippon Steel's proposed takeover of U.S. Steel.
Weiterlesen »



Render Time: 2025-03-05 21:49:53