Steel, Trump: no to the acquisition of Us Steel by the Japanese of Nippon Steel | EUROtoday

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US President-elect Donald Trump has introduced that he’ll block Japanese metal large Nippon Steel from buying its American rival US Steel, an acquisition introduced in December 2023 for $14.9 billion. “I am completely against the purchase of the once large and powerful US Steel by a foreign company, in this case the Japanese Nippon Steel,” the Republican wrote on his social community Truth.

“Through a series of tax incentives and tariffs, we will bring American steel back to greatness and strength, and it will happen fast! As president, I will block this deal,” added Trump, who will succeed Democrat Joe Biden on January 20. During the presidential marketing campaign, Donald Trump pledged to dam the operation if it was not accredited earlier than he got here to energy, in keeping with his protectionist positions.