The Biden administration plans to block a multi billion dollar business deal involving US steel. According to two people familiar with the matter, they confirmed NBC news that the Japanese company Nippon Steel agreed to acquire us steel for $14.9 billion last year. But both the White House and the labor union have pushed back on the deal. Leaders of Japan accused the White House of acting out of politics. The deal is facing growing bipartisan political opposition US Steel is headquartered in Pennsylvania, a key state for both Democrats and Republicans.