Trump Says He Would ‘Absolutely’ Block Nippon-US Steel Deal (2)

Feb. 1, 2024, 4:14 AM UTC

Republican frontrunner Donald Trump said he would block Nippon Steel Corp.’s deal to buy United States Steel Corp. if he wins the November election, highlighting how the former president’s economic nationalism could imperil foreign investment in the US.

“I would block it instantaneously. Absolutely,” Trump said Wednesday after meeting with the members of the Teamsters union in Washington.

“We saved the steel industry. Now, US Steel is being bought by Japan. So terrible, but yeah, we want to bring jobs back to the country,” he added.

The comments marked Trump’s first public statement on the acquisition since the Japanese ...

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