Trump vows to stop Nippon Steel buying U.S. Steel due to national security concerns

From Investing.com: 2024-09-29 14:41:12

President Trump has announced that he will reinforce his commitment to preventing Nippon Steel’s acquisition of U.S. Steel. The move comes amid concerns about the potential impact on national security and the domestic steel industry. This decision marks a continuation of Trump’s protectionist trade policies, aimed at safeguarding American interests. The proposed purchase has raised alarms about the potential for foreign control over a critical U.S. industry.



Read more at Investing.com: Trump to reiterate pledge to block Nippon Steel’s planned purchase of U.S. Steel