WASHINGTON -- The blockbuster deal reached by Japan's Nippon Steel to acquire iconic American steelmaker U.S. Steel for over $14 billion promptly garnered blowback on Monday as American lawmakers vowed to stop the transaction.
"It's absolutely outrageous that they have sold themselves to a foreign nation," Sen. John Fetterman, a Democrat from Pennsylvania, said in a video message posted on X. He shot the clip from the roof of his house, overlooking U.S. Steel's Edgar Thomson plant in Braddock, Pennsylvania, a steel mill that has been operating since 1875.
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