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Donald Trump President and Shigeru Ishiba Japanese Prime Minister in Washington, DC, East Room in the East DC, 2025 February 7, 2025.
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President Donald Trump Friday said Japanese nippon steel will invest a lot US Steel instead of buying the company.
“They will examine an investment rather than a purchase,” Trump said Shigeru Ishiba in a news news with Japanese prime minister. “They agreed to invest a lot in the US steel, unlike the owner.”
US steel shares are almost 6% closed after 36.98 dollars after Trump comment. The president lost his notes, Nissan referred to when Nippon would make an investment.
Ishiba also said Nippon invest in US steel and not having a business. Prime Minister said Japan would give US steel technology to manufacture better US quality
“It’s not a difference. It will be reciprocity, it will be mutual beneficial,” Ishiba said through an interpreter.
Former President Joe Biden block Nippon’s $ 14.9 billion offer US Steel In the early January, referring to concerns about national security. US steel and Nippon asked by a federal court To flip the decision of the path, reporting that he was constitutionally played.
Trump has also been opposed to the agreement, in fact, the president of the US has taken over the president to confirm its previous decision. David Burritt CEO The U.S. Director General of the U.S. met with Trump White House on Thursday.
Nippon rival Cleveland-cliffs It was meant to make a movement in the US steel when making the decision to block the Biden agreement. Louro Goncalves Director General said on January 13 wants to buy a company.
“I have a plan, I have an American solution in place,” Goncalve said. “All American solutions in people, about employees.”
People who know the subject said to CNBC At the time that the Cleveland-Cliffs was meeting with the enemy Turn To make an offer for US steel. The offer would be $ 30s sharing, they said. Nippon planned to buy $ 55 steel per participle.
Cleveland-Cliffs suggest buying steel for all money and selling the subsidiary of Nucor to River Steel Samids, who said people at the time. The US steel residence would remain in Pittsburgh under the agreement.
There is no light trump comment on Friday the future offer that the future would affect our steel.
