Trump says Nippon, the company will invest heavily in US steel to not buy
US President Donald Trump (R) and Japan Prime Minister Shigeru Ishiba, on February 7, 2025, held a joint press conference in the eastern room of the White House in Washington.
Jim Watson | AFP | Getty pictures
President Donald Trump He said that Japan would invest in Nippon Steel on Friday Steel us Instead of receiving the company.
“They will look at more than a purchase,” said Trump, Japanese Prime Minister Shigeru Ishiba said at a press conference. “Unlike us, they agreed to invest very much in the US steel.”
The US steel shares closed about 6% after Trump’s comments in 36.98. The President will put an investment by referring to Nissana, citing Nissana.
Idis also said that Nippon will invest in US steel and not acquiring the company. The Prime Minister said that Japan will provide US steel technology to produce better quality products in the United States
“It’s not one sided. It will be interaction, mutually beneficial,” he said through a translator.
Former president Joe Biden blockhead Nippon’s $ 14.9 billion offer for US steel In early January, referring to the National Security Concerns. There are US steel and nippon asked a federal court To cancel the decision of the case, acted with a non-constitute.
Trump has opposed the transaction, although the President’s lobby was made to reconsider the decision of the predecessor of the US Steel. US Steel CEO David Burritt met with Trump in the White House on Thursday.
Nippon opponent Cleveland By the decision to prevent Biden’s agreement, he wanted to make a move. CEO Lourenco Goncalves said on January 13 The company wants to buy.
“I have a plan, I have a place in a solution,” said Goncalves. “People, all American settlements for employees.”
People familiar with the issue told CNBC At that time the clivland-rocks were partners with his opponent Nucor To offer for US steel. The proposal said it would be in $ 30. Nippon plans to buy US steel for $ 55 per share.
Cleveland-Cliffs, for all the money, offered to buy us steel and the great tea steel assistant Nucor said in the moment of the people. The headquarters of the US steel would remain in Pittsburgh under the transaction.
Trump’s comments are not known on Friday how to affect the potential future proposals for our steel.
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