Reported 1 day ago
Nippon Steel refrained from commenting on U.S. President Donald Trump's recent remarks opposing their bid for a majority stake in U.S. Steel. Trump stated that no majority acquisition is permissible and announced an upcoming 25% tariff on steel and aluminum imports. Despite the challenges, including a previous block by President Biden due to national security concerns, Nippon Steel's pursuit of U.S. Steel continues, with a potential meeting between Trump and Nippon executives on the horizon.
Source: YAHOO