The President-elect of the United States, Donald Trump, announced that he will prevent Japanese steel giant Nippon Steel from acquiring American rival US Steel.
The acquisition, announced in December last year, was valued at 14.9 billion dollars (14.2 billion euros).
“I am totally against US Steel, once great and powerful, being bought by a foreign company, in this case the Japanese Nippon Steel”, wrote the Republican on his Truth Social network.
“Through a series of tax incentives and tariffs, we will return US Steel to greatness and strength, and it will happen quickly! As President, I will block this agreement,” added Trump, who is expected to succeed Democrat Joe Biden on January 20.
Source: https://observador.pt/2024/12/03/trump-anuncia-que-vai-impedir-gigante-japones-da-siderurgia-nippon-steel-de-adquirir-us-steel/
