President Donald Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, a week after signaling that he had cleared a controversial merger with Japan’s Nippon Steel. Trump is scheduled to deliver remarks at 5 p.m. ET at U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania, according to the White House. Investors…
Natalie Sherman Business reporter, BBC News Getty Images US President Donald Trump has pledged to impose more tariffs after his latest move to introduce import taxes on steel and aluminium entering the US prompted retaliation from the European Union (EU) and Canada. Trump said “of course” he would respond to the countermeasures, repeating his warning…
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs…
Reuters President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada. Trump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the…
US President Donald Trump (R) and Japanese Prime Minister Shigeru Ishiba hold a joint press conference in the East Room of the White House in Washington, DC, on February 7, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Friday said Japan’s Nippon Steel will invest heavily in U.S. Steel rather than…
This picture taken on Feb. 16, 2024 shows a logo of Nippon Steel Corp. at the company’s Kyushu manufacturing base in Kitakyushu city of Fukuoka Prefecture. U.S. President Joe Biden plans to express concern over Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, a person familiar with the matter said on Wednesday, pushing the…
Nippon Steel and US Steel are suing the US government over blocking a takeover, claiming that President Joe Biden “ignored the rule of law to gain favor” with trade unions. The two companies also alleged that President Biden, who is entering the last weeks of his administration, stopped Nippon Steel buying US Steel to pursue…
US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival. But the transaction soon…
A building at Nippon Steel’s East Nippon Works Kashima Area facility in Kashima, Ibaraki prefecture, north of Tokyo on Dec. 6, 2024. Richard A. Brooks | Afp | Getty Images U.S. President Joe Biden has decided to block Nippon Steel’s $14.9 billion takeover bid of U.S. Steel, The Washington Post reported on Friday, citing two…
