Trump promises to block controversial steel deal

Donald Trump will stop the Japanese Nippon Steel's purchase of the American steel giant US Steel. This writes the USA's incoming president himself in a post on his platform Truth Social:

» Published: December 03 2024

Trump promises to block controversial steel deal
Photo: Seth Wenig/AP/TT

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"We will make US Steel big and strong again and it will happen FAST! As president, I will block this agreement. Buyers, take note!!!".

It was in December that US Steel entered into an agreement for Nippon Steel to buy the company for approximately 165 billion kronor.

Since then, President Joe Biden, who has said he is against the deal, has been pressured to put a stop to the whole thing. Among the critics are, among others, Democratic politicians representing states with a strong steel industry and believe that the issue is of great importance for American workers and American jobs.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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