Trump Vows to Block Sale of US Steel to Japanese Firm

Published on February 1, 2024

Former President Donald Trump said Wednesday that he would “absolutely” block the planned sale of U.S. Steel to a Japanese firm, a move that recalls his tough protectionist policies for American manufacturing while in office. In what are his first public remarks on Nippon Steel’s $14.9 billion deal to buy U.S. Steel, the former president said that, if he wins the race for the White House, he would “block [the deal] instantaneously. Absolutely.” “We saved the steel industry. Now, U.S. Steel is being bought by Japan. So terrible,” said after a Jan. 31 meeting with the president of the Teamsters labor union in Washington, DC....

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