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Role of Mike Pompeo in Nippon Steel's acquisition attempt outcome by June 30, 2025?
2
Resolution / Starting Odds
Successful negotiation • 25%
No significant impact • 25%
Withdrawal due to his advice • 25%
Other role • 25%
Official announcements from Nippon Steel or major news outlets reporting on Mike Pompeo's involvement
Story
Trump Vows to Block Nippon Steel's $14.1 Billion Acquisition of U.S. Steel
Dec 3, 2024, 03:09 AM
President-elect Donald Trump has announced his opposition to Nippon Steel's proposed acquisition of U.S. Steel, pledging to block the $14.1 billion deal upon taking office. Trump stated he will utilize tax incentives and tariffs to revive the American steel industry, making U.S. Steel 'strong and great again.' The transaction has been under review by the Committee on Foreign Investment in the United States (CFIUS) and was also opposed by the Biden administration due to national security concerns. Notably, Nippon Steel, Japan's largest steelmaker, had hired former Secretary of State Mike Pompeo earlier this year to assist in securing the deal.
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No • 50%
Approve • 50%
Block • 50%
Yes • 50%
No action taken • 25%
Tax incentives • 25%
Tariffs • 25%
Regulatory action • 25%
Supportive • 33%
Neutral • 33%
Opposed • 34%
Yes • 50%
No • 50%
Conditional Approval • 25%
Approved • 25%
Withdrawn • 25%
Rejected • 25%
