White House says U.S. Steel deal security review proceeding as normal

By Thomson Reuters Apr 18, 2024 | 11:31 AM

WASHINGTON (Reuters) – Any review of the deal by Japan’s Nippon Steel for U.S. Steel by the Committee on Foreign Investment in the United States will proceed as normal, a White House official said on Thursday.

White House National Economic Adviser Lael Brainard said at the Semafor World Economy Summit 2024 that any national-security review of the deal would continue as normal after U.S. President Joe Biden said he opposed the sale to a foreign buyer.

(Reporting by Trevor Hunnicutt and Doina Chiacu)