U.S. President Donald Trump reaffirmed his opposition to the sale of U.S. Steel to Japan's Nippon Steel, reiterating his concerns over the deal during a recent press briefing.
Speaking to reporters on Wednesday, Trump described U.S. Steel as a "very special company" that had long been the world’s top steelmaker. He emphasized his belief that U.S. steel and other legacy industries could thrive again, thanks in part to his tariff policies.
"That's why we don't want to see it go to Japan," Trump said, while noting his positive regard for the Asian country. Trump's comments came two days after he ordered federal agencies to review the blocked $14.1 billion acquisition bid by Nippon Steel, which was initially blocked by former President Joe Biden in January due to national security concerns.
Biden's administration had rejected the deal, citing the potential security risks of allowing a foreign company to control a significant part of U.S. industry. In response, Nippon Steel and U.S. Steel filed a lawsuit challenging the decision.
While Trump stated that he did not oppose Nippon Steel acquiring a minority stake in U.S. Steel, he made it clear that foreign ownership of the entire company would be "psychologically not good." Trump has previously pointed to his use of tariffs during his first presidency as a key factor in reviving the U.S. steel industry, particularly in response to China's "massive" steel dumping.
Trump’s stance adds further complexity to the ongoing legal and political battle over the deal, reflecting continued debates over foreign ownership in critical U.S. industries.
U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
U.S. President Donald Trump said Wednesday that an announcement related to the Gaza Strip is likely within the next 24 hours, signaling potential developments in the U.S. approach to the worsening humanitarian crisis in the besieged enclave.
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In his first official visit to Washington, Canadian Prime Minister Mark Carney firmly dismissed US President Donald Trump’s repeated remarks about annexing Canada, declaring during their meeting: “Canada is not for sale.”
The European Union is expected to announce new tariff counter-measures on Thursday targeting U.S. aerospace exports, including Boeing jets, in response to escalating trade tensions with Washington.
Chinese tech giant Baidu has filed a patent application for a groundbreaking artificial intelligence system capable of translating animal sounds and behavior into human language, according to a report by the South China Morning Post.
According to Israel’s Channel 11, direct talks between Türkiye and Israel are scheduled to take place in Baku on 8 May. The discussions are expected to focus on regional security issues, particularly in the context of the situation in Syria, where the interests of both countries often intersect.
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As part of his official visit to Iraq, Azerbaijani FM Jeyhun Bayramov met on Wednesday with Mahmoud al-Mashhadani, Speaker of the Council of Representatives of Iraq, for wide-ranging discussions on bilateral relations, regional security, and post-conflict development efforts in Azerbaijan.
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Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
The European Union is expected to announce new tariff counter-measures on Thursday targeting U.S. aerospace exports, including Boeing jets, in response to escalating trade tensions with Washington.
Chinese President Xi Jinping arrived in Moscow on Wednesday for a closely watched visit that underscores Beijing’s growing strategic alignment with Russia.
As part of his official visit to Iraq, Azerbaijani FM Jeyhun Bayramov met on Wednesday with Mahmoud al-Mashhadani, Speaker of the Council of Representatives of Iraq, for wide-ranging discussions on bilateral relations, regional security, and post-conflict development efforts in Azerbaijan.
The United States has quietly approved a Qatari initiative to finance salaries for Syrian public-sector workers, marking a significant shift in Western engagement with post-Assad Syria, according to three sources familiar with the matter.
U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
The European Union is expected to announce new tariff counter-measures on Thursday targeting U.S. aerospace exports, including Boeing jets, in response to escalating trade tensions with Washington.
Chinese tech giant Baidu has filed a patent application for a groundbreaking artificial intelligence system capable of translating animal sounds and behavior into human language, according to a report by the South China Morning Post.
According to Israel’s Channel 11, direct talks between Türkiye and Israel are scheduled to take place in Baku on 8 May. The discussions are expected to focus on regional security issues, particularly in the context of the situation in Syria, where the interests of both countries often intersect.
Chinese President Xi Jinping arrived in Moscow on Wednesday for a closely watched visit that underscores Beijing’s growing strategic alignment with Russia.
As part of his official visit to Iraq, Azerbaijani FM Jeyhun Bayramov met on Wednesday with Mahmoud al-Mashhadani, Speaker of the Council of Representatives of Iraq, for wide-ranging discussions on bilateral relations, regional security, and post-conflict development efforts in Azerbaijan.
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