(Update) Trump Says He Does Not Want to See U.S. Steel Go to Japan
Washington, April 9 (Jiji Press)--U.S. President Donald Trump said Wednesday that he does not want to see United States Steel Corp. go to Japan, signaling his opposition to Japanese steelmaker Nippon Steel Corp.'s plan to fully acquire the U.S. peer.
Trump told White House reporters that U.S. Steel is a special company, throwing cold water on expectations that Nippon Steel's buyout efforts might start to make progress after the president ordered a fresh screening of the deal Monday.
The United Steelworkers labor union and others have expressed opposition to the acquisition plan, and former U.S. President Joe Biden in January ordered the deal to be scrapped, citing national security concerns.
Trump has also expressed his opposition to the deal after taking office, saying he would not allow a full acquisition.
Meanwhile, Nippon Steel is sticking to its policy of aiming for a complete acquisition. It is continuing to lobby the U.S. government while filing a lawsuit with a U.S. court to nullify Biden's order.
(2025/04/10-13:20)
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