U.S. Steel, Trump
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Donald Trump's upcoming rally in Pittsburgh centers on Nippon Steel's potential partnership with U.S. Steel. The deal, fraught with challenges from national security reviews and political resistance,
President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.
In a social media post later, he added that aluminum tariffs also would be doubled to 50%. He said both hikes would go in effect Wednesday.
At a rally, President Trump praised a partnership between U.S. Steel and Nippon Steel but did not clarify his stance on their merger. The deal faces political and economic tension, with proposed Japanese investment and tariff hikes adding to the complexity surrounding America’s steel industry.
Japan's Nippon Steel is set to finalize its acquisition of U.S. Steel Corp. X at $55 per share, according to sources familiar with the matter.
WASHINGTON (AP) — Nippon Steel ... Pittsburgh-based U.S. Steel. The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and ...
because approving the purchase could allow him to implement some of his tariffs at relatively low political and economic cost, with Nippon’s investments and promise to keep steel products ...
Gary Mayor Eddie Melton said Nippon Steel plans to pump $1 billion in the Gary Works U.S. Steel facility — the largest steel plant in the country.