The News
Japanese Prime Minister Shigeru Ishiba said Sunday that US Steel would remain “an American company,” echoing US President Donald Trump’s assertion that Tokyo-based Nippon Steel would invest in the firm, rather than take it over.
The comments make a merger even more unlikely, after former President Joe Biden blocked Nippon’s $14.9 billion acquisition attempt last year.
The Japanese leader discussed the deal with Trump in Washington last week, a trip that is broadly being seen as a success as Ishiba tries to stave off potential tariffs: The prime minister appeared to forge a warm relationship with Trump, praising the president and focusing on how Japan could bolster his “America First” agenda, Bloomberg reported.
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