Former President Trump's opposition to Nippon Steel's $14.1 billion deal to buy US Steel has raised concerns in the steel industry and among American steel buyers. Trump's protectionist stance led to 25% tariffs on steel imports, and his pledge to block the deal if he retakes the White House compounds political troubles for the $15 billion deal. The steel industry, steel traders, automotive customers, and US Steel workers support the acquisition, while politicians in Washington cast doubt on the deal, causing uncertainty for Japan Inc.
The former president’s opposition to US Steel being bought by a Japanese rival was predictable, writes @GearoidReidy (via @opinion). But what if he’s right to be worried about the deal? https://t.co/LJP46AQ6bv
The former president’s opposition to US Steel being bought by a Japanese rival was predictable, writes @GearoidReidy. But what if he’s right to be worried about the deal? https://t.co/cmHUsciXre
Donald Trump's pledge to block Nippon Steel's planned purchase of U.S. Steel if he retakes the White House compounds political troubles for the $15 billion deal whose failure could reverberate across Japan Inc https://t.co/iYTVyqL3ZJ
Donald Trump's pledge to block Nippon Steel's planned purchase of U.S. Steel if he retakes the White House compounds political troubles for the $15 billion deal whose failure could reverberate across Japan Inc. More here: https://t.co/vPUwkeGdoG
Trump adds to Nippon-U.S. Steel deal woes in blow for Japan Inc https://t.co/HUQsoRETM0 with Anton Bridge, @geddiejdk and others
Steel traders, automotive customers and even US Steel workers are hailing the American company’s decision to sell to a Japanese rival. That has left the steel industry wondering why politicians in Washington are eager to cast doubt on the $14 billion deal. https://t.co/L2KtMekM5w
"American Steel Buyers Welcome Nippon Deal That Scares Washington" https://t.co/k8Aa5VacdH Ah, yes, why shouldn't we put politicians more in charge of critical industries and the US economy more broadly? Oh: https://t.co/R4Vc3Cb0WB
The steel industry is wondering why politicians in Washington are eager to cast doubt on Nippon Steel's $14.1 billion deal to buy US Steel https://t.co/H7uoUhu5Dd
Mr. Trump said his stand against the Nippon deal is part of his protection of American companies. He backed that up as president, imposing 25% tariffs on steel imports.https://t.co/3Ckbq7e5vJ