Vice President Kamala Harris said in a Labor Day campaign speech that she opposes the sale of U.S. Steel to a Japanese firm. Harris, the Democratic Party’s presidential nominee, expressed her disapproval while speaking to steelworkers and other supporters in a union hall alongside President Joe Biden.
The Monday stop in Pittsburgh is the first time Biden and Harris have campaigned together since the president dropped his bid for reelection and endorsed the vice president. Harris echoed Biden’s remarks in March that U.S. Steel “should remain totally American.”
Japan’s Nippon Steel announced in December last year that it had reached an agreement to buy U.S. Steel for $14.9 billion, a 40 percent premium over the share price of the American company at the time. U.S. Steel shareholders approved the deal in April, but the union representing the company’s workers is seeking to block it.
