Saturday, May 24, 2025

Trump clears Nippon merger with U.S. Steel

Good news! From mortal enemies to allies!

"Key Points
  • 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.
  • U.S. Steel’s headquarters will remain in Pittsburgh, he said.
...

President [46th] blocked Nippon Steel from purchasing U.S. Steel for $14.9 billion in January, citing national security concerns. [President 46th] said at the time that the acquisition would create a risk to supply chains that are critical for the U.S."

Trump clears Nippon merger with U.S. Steel

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