Trump approves US Steel-Nippon Steel partnership
- 25-May-2025
WASHINGTON: US President Donald Trump has approved the partnership between US Steel and Nippon Steel of Japan, aiming to create at least 70,000 jobs and include $14 billion in the US economy. According to a social media post on Friday, Donald Trump stated on the US Steel-Nippon Steel Partnership, “I am proud to announce that, […]
What’s next after Biden blocks Nippon Steel/US Steel deal?
- 04-Jan-2025
US President Joe Biden blocked Nippon Steel’s proposed $14.9 billion purchase of US Steel citing national security concerns, in a potentially fatal blow to the deal after a year-long review. Biden, President-elect Donald Trump and an influential labor union opposed the effort by Japan’s top steelmaker to acquire the iconic American firm, which would have […]
Trump says will ‘block’ Nippon Steel from taking over US Steel
- 03-Dec-2024
WASHINGTON: US President-elect Donald Trump on Monday said he would “block” a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote […]