Trump says he will block Japanese firm’s takeover of U.S. Steel
Trump, the president-elect, declared on Monday that he will thwart a Japanese company's $15 billion offer to buy U.S. Steel, a controversial agreement that is opposed by many politicians.
The largest steelmaker in Japan, Nippon Steel, announced the transaction last December and has stated that it is committed to seeing it through, despite reservations about the potential effects on supply chains, workers, and U.S. national security.
In a late-night post on his Truth Social platform, Trump stated, "I am completely against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan."
I will prevent this agreement from happening in my capacity as president. Buyer Beware!
During the presidential campaign, Trump, President Joe Biden, and his Demo...