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U.S. Steel files lawsuit against Biden administration and union leader for halting acquisition deal


U.S. Steel and Japanese firm Nippon Steel are suing the Biden administration after President Joe Biden blocked a proposed $14 billion deal for U.S. Steel. The companies claim Biden ignored the rule of law and favored the United Steelworkers union by vetoing the acquisition. They are also suing the union president, David McCall, and Cleveland-Cliffs, alleging illegal coordination to undermine the deal. The Treasury committee failed to agree on whether Nippon ownership posed a security risk, prompting Biden to block the deal due to concerns about critical supply chains and job security. The suits also name Treasury Secretary Janet Yellen and Attorney General Merrick Garland. The Biden administration and Cleveland-Cliffs have not responded to requests for comment. McCall stated that blocking the deal protected U.S. interests and national security. Former President Donald Trump, who opposed the deal, criticized the decision on social media, suggesting that U.S. Steel could become profitable again with tariffs. The situation has caused controversy and legal action, with implications for the future of the domestic steel industry.

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