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🇺🇸 Joe Biden accused of corruption and deliberately worsening relations with Japan.
President Biden blocked the sale of U.S. Steel to Japan's Nippon Steel. Once a key player in America’s WWII industrial efforts, U.S. Steel has been struggling in recent years. To avoid bankruptcy, the company planned a merger with the Japanese firm, but Biden intervened to prevent the deal.
U.S. Steel CEO David Burritt accused Biden of corruption, alleging that the decision was influenced by a payoff from labor unions in exchange for blocking the sale. 🏗️💼
#EconomicForecasts
@Economyfinancemoney
President Biden blocked the sale of U.S. Steel to Japan's Nippon Steel. Once a key player in America’s WWII industrial efforts, U.S. Steel has been struggling in recent years. To avoid bankruptcy, the company planned a merger with the Japanese firm, but Biden intervened to prevent the deal.
U.S. Steel CEO David Burritt accused Biden of corruption, alleging that the decision was influenced by a payoff from labor unions in exchange for blocking the sale. 🏗️💼
#EconomicForecasts
@Economyfinancemoney