Reported 1 day ago
President-elect Donald Trump announced plans to implement tax incentives and tariffs to bolster U.S. Steel while opposing Nippon Steel's proposed $15 billion acquisition of the company. Trump emphasized his commitment to prevent the foreign takeover, stating, 'I will block this deal from happening.' The controversy occurs amid a government review for national security risks, as Nippon Steel seeks approval from President Biden.
Source: YAHOO