European leaders have said that they will respond firmly to higher levies on steel and aluminum, but they have yet to say what that retaliation will look like.
The mine, near the frontline city of Pokrovsk, produced coking coal crucial for Ukraineβs steel industry. It kept running until the very last moment, when Russian forces finally reached its gates.
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Nippon Steelβs $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow.