U.S. President-elect Donald Trump has pledged to block the acquisition of U.S. Steel by Japanese firm Nippon Steel, stating his intent to protect U.S. Steel and use tax incentives to bolster its position.
U.S. President-elect Donald Trump has pledged to block Japanese company Nippon Steel 's planned purchase of U.S. Steel .
"As President, I will block this deal from happening," he said, adding that he will make U.S. Steel"Strong and Great Again" through the use of tax incentives and tariffs."I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan," Trump said in a
Donald Trump Nippon Steel U.S. Steel Acquisition Tax Incentives Protectionism
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