President-elect Trump vows to block Nippon Steel's acquisition of US Steel, citing national interests.

US President-elect Donald Trump vowed to block Japanese company Nippon Steel's $15 billion acquisition of US Steel, stating he would make the US company "strong and great again" through tax incentives and tariffs. The deal faces opposition from the United Steelworkers union and President Joe Biden, who also supports keeping US Steel American-owned. The Committee on Foreign Investment in the United States is reviewing the deal for potential national security risks.

December 02, 2024
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