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Trump says Japanese steel company will drop bid to purchase US Steel; instead will make investment in company

  • Nippon Steel will not purchase U.S. Steel as planned but will instead invest in the company, according to President Donald Trump.
  • Trump mistakenly referred to Nippon Steel as Nissan during a news conference with Japanese Prime Minister Shigeru Ishiba.
  • The investment aims to enhance U.S. Steel's operations with Japanese technology, as stated by Ishiba.
  • Governor Josh Shapiro emphasized his commitment to protecting jobs in Pennsylvania amid the investment announcement.
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Lean Left

“It’s not an acquisition. US Steel will continue to be an American company, run by Americans and with US employees,” said the Japanese Prime Minister in his first statement after his meeting with Donald Trump

·Buenos Aires, Argentina
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Bias Distribution

  • 69% of the sources are Center
69% Center

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Forbes broke the news in United States on Friday, February 7, 2025.
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