WATCH: John Fetterman Sides With The America First Movement, Joins Vance In Demanding Action After Sale Of American Company To Overseas Buyer

On Monday, Sen. John Fetterman (D-PA) spoke out against the recent purchase of U.S. Steel by the Japanese Nippon Steel Corporation, explaining that he's "gonna do everything I can to block it." The American company, which is over 100 years old, was purchased for $55 per share, and the Japanese company will also be taking on U.S. Steel's debt.

"NSC has a proven track record of acquiring, operating, and investing in steel mill facilities globally — and we are confident that, like our strategy, this combination is truly Best for All," David Burritt, CEO of U.S. Steel, said in the press release. "For our U.S. Steel employees, who I continue to be thankful for, the transaction combines like-minded steel companies with an unwavering focus on safety, shared goals, values, and strategies underpinned by rich histories. For customers, U.S. Steel and NSC create a truly global steel company with combined capabilities and innovation capable of meeting our customers' evolving needs."

In response to the announcement, senators from both parties voiced their outrage with the decision and have called for action to ensure that the company, which is at the center of the American steel industry, does not fall under the control of a foreign company.

"I'm standing on the roof of my home right here in Braddock, Pennsylvania, right across the street from the Edgar Thompson plant. And I just have to say it's absolutely outrageous that they have sold themselves to a foreign nation and a company. Can't do that," Fetterman said. "Steel is always about security as well, too. And I am committed to doing anything I can do from using my platform or my position in order to block this. And I'm going to fight for the steelworkers and their union way of life here as well, too. And we cannot ever allow them to be screwed over or left behind."

The Democrat from Pennsylvania joins Sen. J.D. Vance (R-OH), who has called upon President Biden to take action against the purchase. "Today, a critical piece of America's defense industrial base was auctioned off to foreigners for cash. I warned of this outcome months ago and will oppose it in the months ahead. U.S. Steel announced the sale by celebrating the 'certain and immediate value' to be delivered to its shareholders," Vance explained. "But rest assured that I will interrogate the long-term implications for the American people, and I will do everything in my power to protect the future of our nation's security, industry, and workers."

Vance would later go on to explain that President Biden has the authority to block the sale, writing on X/Twitter, "Under American law, the president has the ability to suspend or prohibit foreign purchases of American companies that threaten national security. If the sale goes through, it's because Biden allows it."

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