In a bold announcement, former President Donald Trump revealed a strategic partnership between United States Steel Corp and Nippon Steel Corp of Japan. This unexpected development has sent ripples ...

Trump previously opposed the purchase of the US firm by Nippon Steel, a $15 billion (€13.7bn) deal blocked by his predecessor Joe Biden in January.

The Trump administration has ordered a new national security review of Nippon Steel Corp’s bid to buy U.S. Steel, signaling a potential new avenue for the $14.9 billion deal to go through.

Trump also laid out his sudden embrace of Nippon Steel’s $14.9 billion acquisition of US Steel – a deal he had previously vowed to block.

PITTSBURGH & TOKYO, June 13, 2025--United States Steel Corporation ("U. S. Steel") (NYSE: X) and Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) together with its wholly owned subsidiary ...

President Donald Trump cleared U.S. Steel and Nippon Steel to merge, saying the companies will form a "partnership." Trump said the partnership would add $14 billion to the U.S. economy.

President Donald Trump announced that he will host a rally in the Mon Valley on Friday. This announcement follows the confirmation that Japan’s Nippon Steel acquired U.S. Steel last week. On ...

While the president’s statement didn't explicitly endorse Nippon’s plan to take over U.S. Steel in a $14.1 billion deal, the market treated the announcement as though a big hurdle had been clear ...

In addition to the announcement of the partnership, Trump announced a new tariff on all foreign steel in a measure he's hoping to keep American made steel more price competitive. "We are going to ...

Trump's remarks are the latest in a long saga which began in December 2023, when US Steel and Nippon Steel announced plans for a $14.9 billion merger.

In 2024, Nippon Steel was ranked the No. 4 largest producer, with an output of almost 44 million tons whereas U.S. Steel was a distant No. 24 with almost 16 million.

Donald Trump’s recent announcement to impede Nippon Steel’s NPSCY proposed acquisition of United States Steel X could have significant implications for Japan. The potential failure of the $15 ...