Trump doubles down on keeping US Steel control in US hands
ReutersApr 14, 2025 2:10 AM
ABOARD AIR FORCE ONE, April 13 (Reuters) - U.S. President Donald Trump on Sunday said he doesn't think a foreign company should control U.S. Steel X.N, repeating comments made last week that dimmed hopes for a greenlight of a $14 billion bid by Japan's Nippon Steel 5401.T to buy the U.S. firm.
Trump said on Wednesday he did not want to see U.S. Steel "go to Japan," sending its shares down 7%. The two companies later said they were working closely with the Trump administration to "secure a significant investment."
Trump spoke with reporters aboard Air Force One as he returned to Washington from his estate in Florida.
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