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

President Donald Trump announced that Nippon Steel will not purchase U.S. Steel but will invest in the company instead, as he stated, 'They've agreed to invest heavily in U.S. Steel, as opposed to own it.'
Nippon Steel's nearly $15 billion bid for U.S. Steel faced political opposition, with both Trump and President Joe Biden opposing the merger due to national security concerns.
Japanese Prime Minister Shigeru Ishiba mentioned that the investment would be mutually beneficial, saying, 'They’re going to do a big investment subject to getting the deal done.'
The Biden administration previously blocked the merger, leading Nippon Steel and U.S. Steel to challenge the decision in court, claiming it was politically motivated.

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butlerradio.com

President Trump Says No Sail For U.S. Steel In Friday Press Conference - ButlerRadio.com - Butler, PA

During a late Friday afternoon press conference, President Donald Trump said U.S. Steel will not be sold but instead receive investments from Japanese company. Details have yet to be released but President Donald Trump that Toyota will be making investments into U.S. Steel instead of it being purchased. No details on the agreement have been specified. The post President Trump Says No Sail For U.S. Steel In Friday Press Conference appeared first …

14 days ago

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Infobae

Shigeru Ishiba assured Nippon Steel will make an investment in US Steel, but will not materialize a total purchase of the company

“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

15 days ago·Buenos Aires, Argentina

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Yeshiva World News

Trump Permits Nippon Steel to Invest in US Steel, Blocks Full Acquisition

President Trump announced that Japan’s Nippon Steel is permitted to make substantial investments in US Steel, but an outright purchase of the company is not allowed.

15 days ago

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newsaddicts.com

Trump Announces Large US Steel Investment by Japan’s Nippon Steel - News Addicts

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 Trump Announces Large US Steel Investment by Japan’s Nippon Steel appeared first on News Addic…

15 days ago

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