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.
246 Articles
246 Articles


Trump Vows To Make U.S. Steel Great Again As Debate Smolders Over Nippon Merger
President-elect Donald Trump posted Monday on Truth Social that he opposes the sale of U.S. Steel to Japan-based Nippon Steel Corporation and said he will use a “series of tax incentives and tariffs” to make U.S. Steel strong. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company,... The post Trump Vows To Make U.S. Steel Great Again As Debate Smolders Over Nippon Merger appeared first on Daily Truth Repo…
Other View: Let Nippon-US Steel deal signal post-election sanity
Every knowledgeable observer of the Nippon Steel-U.S. Steel drama knows that the politics of the presidential election warped what should have been a simple decision: to approve the best available offer for the legacy American steel company and the only one likely to keep steel manufacturing in Pittsburgh. With the election and all its political pressures behind us, President Joe Biden should approve Nippon's proposed acquisition of U.S. Steel…
Mon Valley mayors buck union on U.S. Steel takeover, seeing ‘honorable’ Nippon
U.S. Steel’s Edgar Thomson Works photographed in February 2023. (Photo by Quinn Glabicki/PublicSource) Their towns have hosted U.S. Steel plants for generations. They see foreign investment as their best path forward. “PublicSource is an independent nonprofit newsroom serving the Pittsburgh region. Sign up for our free newsletters.” by Charlie Wolfson, PublicSource More than a year after … Continued
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