‘I don’t want to see US Steel go to Japan’ – Trump rejects Nippon $14bn bid

Daily Post Nigeria ‘I don’t want to see US Steel go to Japan’ – Trump rejects Nippon $14bn bid Home News Politics Metro Entertainment Sport News ‘I don’t want to see US Steel go to Japan’ – Trump rejects Nippon $14bn bid Published on April 10, 2025 By Matthew Atungwu President Donald Trump has said he does not want the US Steel Corp to go to Japan, suggesting he’s not in support of Nippon Steel’s $14 billion bid for the American steel producer. Trump’s comment seemed to contradict recent actions by his administration. The president on Monday ordered a national security panel to take a fresh look at Nippon Steel’s all-cash bid for US Steel to help determine if further action was appropriate, raising hopes that the deal could gain an elusive green light.

DAILY POST reports that shares of US Steel fell 12% in premarket trading to $39.77 on Thursday. They remained well below Nippon Steel’s $55 a share offer price.



“We don’t want to see it go to Japan. We love Japan. We don’t want it to go to Japan or any other place, and we’re working with them,” Trump said.

At the time of filing this report, US Steel and Nippon Steel have not commented on the development. The president’s comment suggests that the future of the deal remains uncertain given sudden changes in thinking at the White House. Related Topics: Japan Trump US Don't Miss Benue/Plateau killings: Open grazing must end – Ex-Bayelsa gov, Dickson You may like US dollar slumps against euro on stop-start tariffs US deports ex-Mexican governor jailed for corruption EU pauses countermeasures after Trump’s tariff reprieve Trade war: Canada PM, Carney backs down, agrees to negotiate ‘immediately’ with Trump Dual national prisoners released in US-Russia swap US: This is crazy – Musk reacts as DOGE announces fraudulent unemployment claims Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd.