The Biden administration’s decision-making on Nippon Steel’s $15 billion bid for U.S. Steel exposes a disturbing pattern of political favoritism at the expense of American workers and industries.
While Biden postures as a defender of national security, the truth is far uglier: his administration, led by Trade Representative Katherine Tai, is weaponizing the Committee on Foreign Investment in the United States (CFIUS) to protect their political allies at Cleveland-Cliffs.
This cronyism must be exposed and rooted out.
Let’s be clear — there’s no credible evidence that Nippon Steel’s acquisition of U.S. Steel poses a national security threat.
Multiple official sources and countless experts have corroborated as much.
But Katherine Tai and her allies in the Commerce Department are throwing up roadblocks because they are more concerned with protecting Cleveland-Cliffs than serving the American people.
Tai’s cozy relationship with Cleveland-Cliffs raises serious questions about whose interests she’s truly representing.
The consequences of this specious impropriety are dire.\
Blocking the Nippon deal won’t protect American workers — it will hurt them.
Nippon Steel has pledged to invest in U.S. Steel’s facilities, create jobs, and strengthen our domestic steel production.
Meanwhile, Cleveland-Cliffs has spent years consolidating the industry and raising prices for consumers.
By siding with Cleveland- Cliffs, the Biden administration is choosing corporate monopolies over competition and innovation.
This is just another example of the Democrats’ hypocrisy.
They claim to champion the working class, but their actions show they’re beholden to special interests. Biden’s opposition to the Nippon deal isn’t about protecting national security — it’s about pandering to unions and corporations that fund his campaign.
This political theater not only hurts our economy but also undermines America’s credibility on the global stage.
Republicans must take action.
The next administration must lead from the front, prioritize transparency, and cut through these backroom corporate dealings like a hot knife through butter.
The Nippon Steel case is a litmus test for our commitment to free markets and fair governance. The Biden administration’s political interference in this deal is an affront to those principles.
It’s time to hold them accountable and demand a government that works for the people —not for politically connected corporations.
Diana London is a seasoned political strategist and commentator with over five years of experience on Capitol Hill. Currently a Newsmax columnist, Diana is President and Co-Founder of Ford & London Global Strategies, and Vice President of X Capital Investments. She also serves as CEO of The Secret Weapon Agency, specializing in crisis communications and public relations. She works on advancing conservative initiatives and empowering diverse communities as well as championing criminal justice reform. Read Diana London's Reports — More Here.