US EditionTrump meets US Steel CEO to discuss deal with Nippon Steel
- President Trump announced that Nippon Steel will invest "heavily" in U.S. Steel instead of acquiring it during a press conference with Japanese Prime Minister Shigeru Ishiba.
- The investment follows Nippon Steel's previous $14.9 billion bid to buy U.S. Steel, which was rejected by both Trump and former President Joe Biden.
- Prime Minister Ishiba stated that the investment is part of $1 trillion in Japanese spending in the U.S., which will include technology for U.S. Steel mills.
- Trump mistakenly referred to Nippon Steel as "Nissan," but confirmed he would meet with Nippon Steel's leaders to discuss the investment details.
46 Articles
46 Articles
"I don't want to buy, but I love investing": Trump softens stance on US Steel deal, but true intentions unclear
[Yomiuri Shimbun] U.S. President Trump, who had been strongly opposed to Nippon Steel's plan to acquire the American steel giant U.S. Steel, has suddenly softened his stance. It is believed that Prime Minister Ishiba's promise to increase investment in the U.S. has been effective, and tariff measures against Japan have been avoided for the time being.
Trump Says Reconsiders Nippon Steel's $14.9 Billion US Steel Deal: 'They’ve Agreed To Invest Heavily...As Opposed To Own It' - Nippon Steel (OTC:NPSCY), United States Steel (NYSE:X)
U.S. President Donald Trump is contemplating the approval of Nippon Steel's (OTC: NPSCY) $14.9 billion bid for U.S. Steel (NYSE: X) as an investment, rather than a purchase.
Trump says U.S. Steel will get investment from Nippon Steel, instead of being bought by it
President Donald Trump on Friday suggested that Nippon Steel would no longer buy U.S. Steel as planned, but the Japanese company would instead invest in the symbolically important American business. The U.S. president mistakenly referred to Nippon Steel as “Nissan,” the Japanese automaker. But it's Nippon Steel's bid that generated…
Trump Makes Huge US Steel Announcement, Moment Recalls Workers Flooding Stage to Thank Him
President Donald Trump announced Friday that Japan’s Nippon Steel plans to make a large investment in U.S. Steel but will not purchase the company. Appearing at a joint news conference with Prime Japanese Prime Minister Shigeru Ishiba, Trump said that Nippon “is going to be doing something very exciting about U.S. Steel. They’ll be looking... The post Watch: Trump Makes Huge US Steel Announcement, Moment Recalls Workers Flooding Stage to Thank H…
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