financetom
Business
financetom
/
Business
/
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
May 26, 2025 12:48 PM

WASHINGTON (Reuters) -The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's ( NISTF ) bid for U.S. Steel despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters.

In a statement published a day after a powerful national security panel submitted a fresh recommendation on the deal to Trump, the union said, "Now, as it continues to make flashy promises about proposed investments, it remains clear Nippon is simply seeking to undercut our domestic industry from the inside."

Nippon Steel ( NISTF ) and U.S. 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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved