Now how could anyone possibly disagree with something like this? No matter which side you're on, keeping US Steel American is a great idea. Even President Joe Biden and Trump’s Democratic rival, Vice President Kamala Harris said the Pittsburgh-based company should remain American-owned.
Trump says he will block Japanese firm’s takeover of U.S. Steel
"Nippon Steel, Japan’s largest steelmaker, has said it is determined to follow through with the $15 billion acquisition bid, which faces widespread political opposition."
"President-elect
Donald Trump said Monday that he would block a Japanese company’s $15 billion bid to
acquire U.S. Steel, a contentious deal that faces widespread political opposition.
Nippon Steel, Japan’s largest steelmaker, announced the deal last December and has said it is determined to see it through despite concerns about the implications for employees, supply chains and U.S. national security.
“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a late-night
post on his Truth Social platform.
“As President, I will block this deal from happening. Buyer Beware!!!”
Trump had expressed opposition to the deal during the presidential election campaign, along with President
Joe Biden and Trump’s Democratic rival, Vice President
Kamala Harris, who all said the Pittsburgh-based company should remain American-owned. Trump's comments on it Monday night are his first since he won the election last month.
A senior Nippon Steel executive told reporters last month that the company hoped to close the deal before Trump returns to the White House in January.
The deal is also opposed by the powerful United Steelworkers union, though some
other U.S. Steel employees support it. U.S. Steel says it remains committed to the transaction as “the best deal for our employees, shareholders, communities and customers.”
Trump says he will block Japanese firm’s takeover of U.S. Steel
