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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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'He announced he was against it in February': Pittsburgh Union workers suffer 'gut punch' as Trump blocks Japanese steel

United Steelworkers who backed Donald Trump are facing down a bleak future as the clock ticks down on Joe Biden‘s presidency. Trump’s tariff wars are on track to tank the economy, according to the country’s top economists, and one of the first industries hit looks like it will be Pittsburgh’s steel industry. Union workers in the battleground state are now coming to terms with a reality where their jobs will be moved out of state — that is, if th…

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…

3 months ago·United States

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Duluth News Tribune

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…

3 months ago·Cherokee County, United States

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Slay News

Trump Vows to Block Japanese Acquisition of Iconic American Steel Company

President Donald Trump has vowed to block the pending sale of iconic American manufacturer U.S. Steel to a Japanese company. The post Trump Vows to Block Japanese Acquisition of Iconic American Steel Company appeared first on Slay News.

3 months ago

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New Pittsburgh Courier

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

3 months ago·Pittsburgh, United States

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The Washington Post

Nippon Steel still confident it can close widely opposed U.S. deal

Nippon Steel Corp. reiterated confidence that its $14.1 billion acquisition of United States Steel Corp. can be completed by year-end, even as the current and incoming US presidents oppose the takeover.

3 months ago

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