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The takeover of US Steel could be approved if Biden is re-elected, a former US official says

Nippon Steel’s planned takeover of United States Steel could be approved by the US government if current US President Joe Biden wins a second term in November’s presidential election, a former senior US trade official has said.

If Biden is re-elected, there is a good chance that the US government will approve the planned buyout, provided Nippon Steel receives the support of the United Steelworkers (USW) union, Glen Fukushima, former Deputy Assistant US Trade Representative for Japan and China. said in a recent interview.

If former US President Donald Trump returns to power, Nippon Steel would be less likely to complete its takeover of US Steel, Fukushima, a third-generation Japanese American, said in Japanese.

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