Sen. Mitch McConnell (R-Ky.) argued President Biden is selling out to Big Labor by blocking the sale of US Steel to Japanese-owned Nippon Steel. The Biden administration will leave Americas core economic and national-security interests less secure than it found them, McConnell wrote in an op-ed published in The Wall Street Journal Thursday. By blocking...

The faded industrial icon has few good options without a Nippon deal

After a year spent tussling with its closest domestic rival, U.S. Steel may finally have the chance to publicly detail its frustrations with Cleveland-Cliffs, even as the Ohio steelmaker rejects allegations that it did anything inappropriate. A lawsuit filed by the Pittsburgh steelmaker Monday in the U.S. District Court for the Western District of Pennsylvania alleges that Cliffs used public ...

Trump had vowed in his campaign that he would instantaneously block the deal, and he reiterated that sentiment in a post on his Truth Social platform on Monday night.

HARRISBURG, Pa. (AP) President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs ...

President-elect Trump vowed to block Japanese Nippon SteelCorp.'s acquisition of U.S. Steel. "I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan," Trump wrote in the post on Truth Socialon Monday. He made the same promise on the campaign trail earlier this year....

In a development likely to embarrass Japanese Prime Minister Shigeru Ishiba, President-elect Donald Trump has dealt what may be a mortal blow to Nippon Steel's proposed $13 billion buyout of U.S. Steel.

In a development likely to embarrass Japanese Prime Minister Shigeru Ishiba, President-elect Donald Trump has dealt what may be a mortal blow to Nippon Steel's proposed $13 billion buyout of U.S. Steel.

President-elect Donald Trump said on Dec. 3 that he would prevent the acquisition of U.S. Steel Corp. by Japans Nippon Steel Corporation. I am totally against the once great and powerful U.S. Steel being bought by a foreign company, the president-elect said in a post on the social media platform Truth Social. Through a series […]

President-elect Donald Trump said he is "totally against" Japan's Nippon Steel buying U.S. Steel.

President-elect Donald Trump vowed on Monday to block Nippon Steel's purchase of U.S. Steel, saying on social media he would make the once iconic company "strong and great again."

But Japan's Nippon Steel expects the deal to close before the end of the year, before Trump takes office.

President-elect Donald Trump said Monday that he would block the sale of U.S. Steel to Japanese manufacturing giant Nippon Steel. Trump frequently spoke about his opposition to the sale while campaigning, saying he would prevent the deal from happening through tax incentives and tariffs. Nippon has proposed acquiring the American company for $15 billion. I ...

The acquisition was first announced in December of 2023.