Trump doubles steel tariffs
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President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.
US President Donald Trump touted a deal between Japan's Nippon Steel and America's US Steel, telling US steelworkers that "we're going to have a great partner." But he later said it has yet to be finalized.
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HARRISBURG, Pa. (AP) — President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.S.-control.
A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.
President Donald Trump touted a "blockbuster agreement" between U.S. Steel and Japanese company Nippon Steel that he said would keep the U.S. steelmaker in Pittsburgh.
Gary Mayor Eddie Melton has been supportive of a deal between Nippon and U.S. Steel for months, citing how it would benefit Gary Works. In August, it was announced that Nippon Steel would invest $300 million into the local facility. A Nippon executive later said the company would invest $1 billion into Gary Works.
Nippon Steel Corp (NPSCY) (NISTF), the Japanese firm locked in a prolonged battle to acquire U.S. Steel (X), announced plans on Friday to invest 869 billion yen ($6 billion) domestically to boost production using cleaner furnace technology.
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Kyodo News on MSNTrump's steel tariff hike not raised in Japan-US talks: negotiatorJapan's chief tariff negotiator said Sunday that his U.S. counterpart had not touched on President Donald Trump's decision to double
Nippon Steel Corp., the Japanese company embroiled in lengthy battle to buy US Steel Corp., said it plans to spend 869 billion yen ($6 billion) at home to expand output from cleaner furnaces.