US EditionTrump orders new review of proposed US Steel acquisition
- President Donald Trump has ordered a new review of the proposed sale of U.S. Steel to Japan's Nippon Steel after the deal was blocked due to national security concerns.
- Trump signed an executive action allowing the U.S. Committee on Foreign Investment 45 days to review the deal.
- In a phone call with Japanese Prime Minister Shigeru Ishiba, Trump discussed tariffs and allowed discussions to resume.
- Nippon Steel has promised to invest billions in U.S. Steel and not lay off American workers, potentially revitalizing the company and creating new jobs in Pennsylvania.
125 Articles
125 Articles
Mayor Melton: Nippon Steel Deal Offers ‘Unparalleled Advantages’ for American Steelworkers
By Eddie Melton, Mayor of Gary, Indiana I am pleased that President Trump has ordered a new CFIUS review of the Nippon Steel deal. As mayor, I have spent months doing my due diligence and speaking with stakeholders across the country. This is simply the best deal on the table and represents both security and […]
‘I don’t want to see US Steel go to Japan’ - Trump rejects Nippon $14bn bid
President Donald Trump has said he does not want the US Steel Corp to go to Japan, suggesting he’s not in support of Nippon Steel’s $14 billion bid for the American steel producer. Trump’s comment seemed to contradict recent actions by his administration. The president on Monday ordered a national security panel to take a fresh look at Nippon Steel’s all-cash bid for US Steel to help determine if further action was appropriate, raising hopes tha…
Trump Says He Does Not Want to See US Steel Corp Go to Japan
President Donald Trump said on April 9 that he does not want to see U.S. Steel Corp go to Japan, potentially suggesting he won’t support Japan-based Nippon Steel’s bid for the American steel manufacturer. Trump on Monday signed a memorandum directing a national security panel to conduct a new review of Nippon Steel’s $14 billion bid for U.S. Steel to evaluate the deal’s potential national security risks and provide the president with recommendat…
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