Trump Celebrates Nippon Steel 'Deal'
Digest more
If the US gets a 'golden share' of Nippon Steel's takeover of US Steel, it would be the latest example of how Washington, D.C. increasingly has a say in the operations of major companies.
Globally, continued uncertainty over the ongoing US trade dispute kept investors cautious through the week. U.S. President Donald Trump accused China of completely breaching its trade deal with the U.
Japanese-owned Nippon Steel has spent more than $6.1 million on federal lobbying efforts in its quest to take over US Steel.
8h
Kyodo News on MSNTrump's steel tariff hike not raised in Japan-US talks: negotiatorJapan's chief tariff negotiator said Sunday that his U.S. counterpart had not touched on President Donald Trump's decision to double
This deal shows Trump was willing to look past his own preconceived ideas of what U.S. Steel should look like and toward the reality that billions of dollars of investment in well-paying steel jobs in the Rust Belt was too much to pass up.
President Trump said on Friday that he would double the tariffs he had levied on foreign steel and aluminum to 50 percent, a move that he claimed would further protect the industry.
President Donald Trump’s pivot to champion Nippon Steel Corp.’s bid to buy US Steel Corp. raises the prospect of fresh positive momentum for Japan’s sluggish negotiations with the US over tariff relief.
It’s a landmark agreement forged through President Trump’s direct intervention, restoring American industrial strength and economic sovereignty. This deal isn’t just bigger because of President Trump—it exists only because of him.