Trump vows to block Sale of "U.S. Steel" to Japanese Buyer

WASHINGTON — Former President Donald Trump has vowed to block the proposed purchase of U.S. Steel by a Japanese company.

“I think it’s a horrible thing when Japan buys U.S. Steel,” Mr. Trump said after a meeting with leaders of the International Brotherhood of Teamsters. “I would block it instantaneously.”

He called the proposed deal “so terrible.”

U.S. Steel announced Dec. 18 that it would be bought by Japanese steelmaker Nippon Steel Corp. in a deal valued at nearly $15 billion.

Members of Pennsylvania’s congressional delegation vowed to block the transaction, and President Joe Biden’s top economic adviser, Lael Brainard, said the deal “appears to deserve serious scrutiny.”


Get latest news delivered daily!

We will send you breaking news right to your inbox

© 2024