"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Lourenco Goncalves’ remarks over Nippon Steel’s takeover bid for U.S. Steel and description of Japan as being 'evil' stunned many in Tokyo.