The new leadership in the White House is not keen on the possible merger between U.S. Steel and Japan’s Nippon Steel. Yesterday, President Trump told reporters he does not want the Pittsburgh company to be purchased by any foreign corporation. The potential sale was previously blocked by the Biden Administration, with them citing national security concerns. President Trump says his team is working with U.S. Steel, and corporate leaders have confirmed this, saying they are in talks with the administration to get an investment in existing jobs, new jobs, and the future of the domestic steel making industry.
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