President Donald Trump said on April 9 that he does not want to see U.S. Steel Corp go to Japan, potentially suggesting he won’t support Japan-based Nippon Steel’s bid for the American steel manufacturer.
Trump on Monday signed a memorandum directing a national security panel to conduct a new review of Nippon Steel’s $14 billion bid for U.S. Steel to evaluate the deal’s potential national security risks and provide the president with recommendations within 45 days.
In early January, then-President Joe Biden blocked Nippon Steel from acquiring U.S. Steel, citing the value of maintaining a domestically owned steel industry and describing steelmaking as a strategic sector vital to national security and resilient supply chains….