By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Concealed RepublicanConcealed Republican
  • Home
  • Latest News
  • Guns
  • Politics
  • Videos
Reading: White House Appears To Make Error In Executive Order Blocking Acquisition Of American Company
Share
Notification Show More
Font ResizerAa
Font ResizerAa
Concealed RepublicanConcealed Republican
  • News
  • Guns
  • Politics
  • Videos
  • Home
  • Latest News
  • Guns
  • Politics
  • Videos
Have an existing account? Sign In
Follow US
  • Advertise
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Concealed Republican > Blog > Politics > White House Appears To Make Error In Executive Order Blocking Acquisition Of American Company
Politics

White House Appears To Make Error In Executive Order Blocking Acquisition Of American Company

Jim Taft
Last updated: January 3, 2025 8:25 pm
By Jim Taft 3 Min Read
Share
White House Appears To Make Error In Executive Order Blocking Acquisition Of American Company
SHARE

The White House appeared to make a mistake Friday in its latest executive order, which blocked Nippon Steel’s roughly $15 billion acquisition of U.S. Steel.

The order, issued Friday, repeats language from a May executive order on Chinese Real Estate, beginning with “regarding the acquisition of certain real property of Cheyenne leads by MineOne cloud computing investment I L.P.,” according to an archived version of the executive order. It is the exact language used in the title of the president’s May executive order.

Oops.
White House copy-and-pastes from a previous presidential order on a Chinese real estate transaction and uses it for the Nippon Steel announcement. And forgets to delete the title. pic.twitter.com/8ibeSYujxI

— Ken Moriyasu (@kenmoriyasu) January 3, 2025

The decision to keep U.S. Steel domestically owned was referred to the president by a national security review in December after failing to reach a consensus. Biden wrote in a Friday statement that his decision on the sale is a part of his larger commitment to “defend U.S. national security.” The sale would have placed America’s second largest steel producer under foreign control.

Nippon announced its plans to purchase U.S. Steel for $14.9 billion Jan. 5, 2024. At the time, Nippon argued that such a deal would help make the companies competitive against China’s Baowu Steel Group, according to the Michigan Journal of Economics.

US President Joe Biden boards Marine One as he departs from Delaware Air National Guard Base in New Castle, Delaware, on December 19, 2024, en route to the White House. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

“We need major U.S. companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests. As a committee of national security and trade experts across the executive branch determined, this acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and our critical supply chains,” the president wrote.

“So, that is why I am taking action to block this deal,” he added.

The Daily Caller reached out to the White House for comment but did not hear back ahead of publication.



Read the full article here

You Might Also Like

Chicago Just Keeps Waving That Red Flag at Trump’s Immigration Bull

FACT CHECK: Pope Francis Has Not Died As Of Feb. 23

Ah, So – Minister Who Won’t Investigate for the Little UK Rape Victims Is the Victim Now

‘Are They Crazy?’: Stephen Moore Lights Into GOP Reps Who Suggested ‘Millionaire Tax’

Trump Ends Debate on Deported MS-13 Gang Banger with a Single Photo

Share This Article
Facebook X Email Print
Previous Article CCRKBA to Trump: For ATF, ‘Pick A Pro’ CCRKBA to Trump: For ATF, ‘Pick A Pro’
Next Article DEI Dying on the Vine in Florida DEI Dying on the Vine in Florida
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Actress Jessica Alba Embraces June With Bikini Snaps and Self-Care
Actress Jessica Alba Embraces June With Bikini Snaps and Self-Care
Politics
Trump Bans Foreign Students At Harvard … Again
Trump Bans Foreign Students At Harvard … Again
Politics
White House Appears To Make Error In Executive Order Blocking Acquisition Of American Company
REPORT: Congressional Dems Pledge To Boycott Upscale Washington DC Restaurants
Politics
Massachusetts Man Charged After Shooting Attacker Avoids Trial
Massachusetts Man Charged After Shooting Attacker Avoids Trial
News
School board says ‘family’ is a white supremacist term
School board says ‘family’ is a white supremacist term
News
Bill Clinton says Biden had ‘clear mind’ despite reports of decline
Bill Clinton says Biden had ‘clear mind’ despite reports of decline
News
© 2025 Concealed Republican. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?