US EditionTrump opposes Nippon Steel purchase of US Steel; Mon Valley mayors react
- Donald Trump opposed Nippon Steel's $14.1 billion offer to acquire U.S. Steel, expressing his preference for American ownership.
- Trump's opposition stems from his desire to keep U.S. Steel, a company he considers 'special,' under American control.
- He initiated a national security review via CFIUS and suggested Nippon Steel invest instead of acquiring U.S. Steel.
- Trump stated U.S. Steel was 'doing very well' and questioned the necessity of a deal, saying, "I don’t know why they even need a deal."
- Local mayors like Richard Lattanzi hoped Trump would approve the deal, while Ancora Holdings dropped its opposition, anticipating government approval.
14 Articles
14 Articles
Could Japan’s Nippon Steel Acquire U.S. Steel Under Trump?
After over a year in the making, the takeover of U.S. Steel by Japan’s Nippon Steel was thwarted by former President Joe Biden in January due to security concerns. Now, President Donald Trump is considering whether to revitalise the deal, even as he introduces tariffs on Japanese imports. In December 2023, Nippon Steel announced it planned to acquire U.S. Steel for $14.9 billion as part of its plan to expand its U.S. assets. It was expected to …
Trump changes his tune about Pa.-based U.S. Steel deal with Japan
By Anya Litvak, Pittsburgh Post-Gazette (TNS)Just two days after he ordered a new national security review of Nippon Steel Corp.’s bid to buy U.S. Steel Corp., President Donald Trump said on Wednesday that he does not want the iconic Pittsburgh steelmaker to be sold to a Japanese company.
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