The president said Nippon Steel would invest in U.S. Steel rather than take over the storied American manufacturer. He also said DOGE would look for savings at the Pentagon and Education Department.
President Trump speaks during a joint press conference with Japanese Prime Minister Shigeru Ishiba following talks, in the East Room of the White House on Friday.President Trump delivered an update on U.S.-Japan relations during a press conference with Japanese Prime Minister Shigeru Ishiba at the White House on Friday, announcing that Nippon Steel would be investing"heavily" in U.S. Steel rather than acquiring the storied American manufacturer.
Ishiba said the Japanese spending on U.S. Steel would be part of $1 trillion in investments made by the country in the U.S. "I've instructed to go check out Education, to check out the Pentagon, which is the military, and you know, sadly, you'll find some things that are pretty bad, but I don't think proportionally, you're going to see anything like we just saw."When asked by reporters if there were areas of the government that Musk wasn't able to touch, Trump said they"haven't discussed that much.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says Japan's Nippon Steel will invest in US Steel, rather than buy itRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
Trump to Meet with U.S. Steel CEO Amidst Nippon Steel's BidPresident Donald Trump is scheduled to meet with U.S. Steel CEO David Burritt on Thursday as Nippon Steel pushes its $14 billion acquisition bid. The meeting comes despite Trump's previous opposition to the deal, which former President Joe Biden blocked citing national security concerns. Nippon Steel argues its bid aligns with Trump's goals of strengthening American manufacturing and investment.
Read more »
Trump Reconsiders Nippon Steel's Acquisition of U.S. SteelPresident Trump is reportedly considering approving Japan's Nippon Steel's $14.1 billion acquisition of U.S. Steel, a reversal from his previous opposition. The president's decision remains pending, and he is expected to discuss the merger with Japanese Prime Minister Shigeru Ishiba during their meeting on Friday. Nippon Steel previously offered concessions, including giving the U.S. government veto authority over changes to U.S. Steel's production capacity, to address national security concerns.
Read more »
Trump Suggests Nippon Steel Investment Instead of U.S. Steel PurchasePresident Donald Trump announced that Nippon Steel is planning to invest in U.S. Steel instead of acquiring it, as previously planned. The announcement came amidst controversy surrounding the proposed merger, which both Trump and his predecessor, Joe Biden, had vowed to block.
Read more »
Nippon Steel to Invest in U.S. Steel Instead of Buying It, Trump AnnouncesIn a surprising turn of events, President Trump has announced that Nippon Steel will invest in U.S. Steel instead of acquiring it, reversing their initial plans. This decision comes after both Trump and former President Biden expressed opposition to the merger.
Read more »
Trump May Approve Nippon Steel's $14.9 Billion Buyout of US SteelUS President Donald Trump is considering allowing Japan's Nippon Steel to complete its $14.9 billion buyout of US Steel, despite previously opposing the deal. Trump met with Japanese Prime Minister Shigeru Ishiba and said he hadn't changed his mind, but added that they would be discussing the matter further. This potential approval would be a reversal of Trump's stance during the 2024 election campaign when he vowed to block the deal. The proposed merger has become highly politicized, with both Biden and Trump pledging to prevent it. Nippon Steel has made concessions to gain public support.
Read more »