After months of scrutiny, President Trump approved Nippon Steel’s acquisition of U.S. Steel, including a $11 billion investment pledge and U.S. government veto rights to address national security concerns.
President Donald Trump said Sunday that the United States will retain control over U.S. Steel as part of a controversial deal involving a $14 billion investment by Japan’s Nippon Steel, quelling concerns about foreign control of the iconic American company.
U.S. Secretary of State Antony Blinken’s farewell visit to Japan faced tension following President Joe Biden’s decision to block Nippon Steel’s $14.9 billion bid for U.S. Steel, sparking concerns about its impact on U.S.-Japan relations.
Biden blocks Nippon Steel's $14.9B U.S. Steel bid, sparking tensions during Blinken's Japan visit amid efforts to strengthen alliances against China.
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