U.S. Persident Biden said on Jan. 3, 2025  that he has decided to block the 14.1 billion U.S. dollars sale of U.S. Steel to Nippon Steel, citing risks to national security, while urging the two firms to "fully and permanently" abandon their plan. 
Japan's Nippon Steel CEO Eiji Hashimoto said on the press conference that U.S. President Joe Biden's decision to block its acquisition of United States Steel was politically motivated, while stressing the company has no intention to give up on the takeover deal.