financetom
Business
financetom
/
Business
/
Trump says he does not want to see US Steel go to Japan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump says he does not want to see US Steel go to Japan
Apr 9, 2025 2:32 PM

WASHINGTON (Reuters) -U.S. President Donald Trump said on Wednesday that he does not want U.S. Steel Corp to go to Japan, suggesting he no longer supports Nippon Steel's bid for the American steel producer.

The comment appeared to contradict recent actions by the Trump administration. On Monday Trump directed a national security panel to take a fresh look at Nippon Steel's $14 billion bid for U.S. Steel to help determine if "further action" is appropriate, raising hopes the deal could gain an elusive green light.

Shares of U.S. Steel fell 13% after the comment in trading after the market closed.

"We don't want to see it go to Japan. We love Japan, but we, you know, U.S. Steel is very special company. We don't want it to go to Japan or any other place, and we're working with them," Trump said.

U.S. Steel and Nippon Steel did not immediately respond to requests for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Shake Shack Fourth-Quarter Sales Meet Expectations Despite Wildfire Hit
Shake Shack Fourth-Quarter Sales Meet Expectations Despite Wildfire Hit
Feb 20, 2025
11:15 AM EST, 02/20/2025 (MT Newswires) -- Shares of Shake Shack ( SHAK ) jumped intraday Thursday after the burger chain reported in-line sales despite taking a hit from the Los Angeles wildfires, while guiding for double-digit top-line growth this year. Revenue climbed to $328.7 million for the three months ended Dec. 25 from $286.2 million the year earlier, virtually...
Emerson Forms Battery Management Partnership With Zitara Technologies
Emerson Forms Battery Management Partnership With Zitara Technologies
Feb 20, 2025
11:13 AM EST, 02/20/2025 (MT Newswires) -- Emerson (EMR) and Zitara Technologies said Thursday that they formed a strategic partnership to integrate Zitara's battery energy storage systems software into Emerson's Ovation automation platform to provide customers with improved battery performance and monitoring. No financial details were disclosed. Price: 123.13, Change: -1.30, Percent Change: -1.04 ...
US regulators 'need to be tougher on Boeing', Trump's nominee says
US regulators 'need to be tougher on Boeing', Trump's nominee says
Feb 20, 2025
WASHINGTON (Reuters) - President Donald Trump's nominee to serve as deputy secretary of the U.S. Transportation Department said regulators need to take a more aggressive approach to overseeing planemaker Boeing ( BA ). We need to be tougher on Boeing ( BA ). We need to be tougher on the industry, said Steve Bradbury at a U.S. Senate Commerce Committee...
IM-2 Launch On Track For Next Week: What's Going On With Intuitive Machines Stock Thursday?
IM-2 Launch On Track For Next Week: What's Going On With Intuitive Machines Stock Thursday?
Feb 20, 2025
Intuitive Machines Inc ( LUNR ) shares are trading lower. On Thursday, the company provided an update on its planned IM-2 mission. What Happened: Intuitive Machines ( LUNR ) announced its IM-2 mission Nova-C class lunar lander “Athena” completed all integration milestones in preparation for launch later this month. The company noted that the lunar lander is now safely encapsulated...
Copyright 2023-2025 - www.financetom.com All Rights Reserved