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    Trump Considers Allowing Nippon Steel's $14.9 Billion Acquisition of U.S. Steel Amid Talks with PM Ishiba

    10 postsJapanWorldPoliticsBusiness

    President Donald Trump is reportedly considering allowing Japan's Nippon Steel to complete its $14.9 billion acquisition of U.S. Steel, according to multiple sources cited by CBS News. The approval of the transaction is not definite, and Trump has not made a final decision. He met with Japanese Prime Minister Shigeru Ishiba on the same day and was expected to discuss the merger, along with automotive issues and tariffs. Despite the ongoing discussions, Trump has stated that he has not changed his mind on the sale of U.S. Steel. The proposed acquisition had previously been blocked by former President Joe Biden, citing national security concerns.

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    U.S. Steel stock price change one week after acquisition decision

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    Donald TrumpCBS NewsNippon SteelJapanTrumpJoe BidenShigeru IshibaJapanese

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