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Trump says he would block US Steel acquisition by Nippon Steel

  • Trump opposes Nippon Steel's acquisition of U.S. Steel, declaring, "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."
  • He plans to improve U.S. Steel using tax incentives and tariffs, stating, "Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong and Great Again, and it will happen FAST!"
  • Trump promises to block the acquisition before a CFIUS deadline next month and believes the deal could close this year.
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