By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.

US President Joe Biden's blocking of Nippon Steel's proposed acquisition of US Steel is likely to be challenged in court, and has prompted concerns about future capital flow into the United States and the unfair treatment of Washington's allies, according to analysts.

U.S. President Joe Biden said Friday that he has decided to block the $14.1 billion takeover of United States Steel Corp. by Nip