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Euronews
Euronews
Eleanor Butler

President Trump orders review into Nippon Steel’s bid for US Steel

Nippon Steel US Steel Nippon Joe Biden United States Donald Trump Japan National Security United Steelworkers

US President Donald Trump ordered a review into the potential purchase of US Steel by Japan’s Nippon Steel on Monday.

"I direct the Committee on Foreign Investment in the United States ... to conduct a review of the acquisition of US Steel by [Nippon Steel] to assist me in determining whether further action in this matter may be appropriate," said a memo from the president. The security panel should submit a report within 45 days.

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