Nippon Steel “is going to be doing something very exciting about U.S. Steel,” Trump said at a news conference with Japanese Prime Minister Shigeru Ishiba.
President Donald Trump answers questions during a news conference with Japan's Prime Minister Shigeru Ishiba at the White House on Friday in Washington.would no longer buy U.S. Steel as planned, but the Japanese company would instead invest in the symbolically important American business.
Ishiba described the investment as mutually beneficial and said Japanese technology would be provided to U.S. Steel mills. A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Joe Biden, who opposes the deal.
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