Trump clears Nippon merger with US Steel

[BumRushDaShow]

Last edited Fri May 23, 2025, 05:46 PM - Edit history (1)

Source: CNBC

Published Fri, May 23 2025 3:40 PM EDT | Updated 22 Min Ago


President Donald Trump on Friday cleared the merger of U.S. Steel and Nippon Steel, after the Japanese steelmaker’s previous bid to acquire its U.S. rival had been blocked on national security grounds.

“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social.

U.S. Steel’s headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares surged more than 20% to close at $52.01 per share after Trump’s announcement.

President Joe Biden blocked Nippon Steel from purchasing U.S. Steel for $14.9 billion in January, citing national security concerns. Biden said at the time that the acquisition would create a risk to supply chains that are critical for the U.S.

Read more: https://www.cnbc.com/2025/05/23/trump-greenlights-nippon-merger-with-us-steel.html

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Japan must have hauled out a pile of crypto.

Article updated.

Previous articles/headline -

Trump greenlights Nippon merger with US Steel

Published Fri, May 23 2025 3:40 PM EDT | Updated 5 Min Ago


President Donald Trump said Friday that U.S. Steel and Nippon Steel will form a "partnership," after the Japanese steelmaker's bid to acquire its U.S. rival had been blocked on national security grounds.

"This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy," Trump said in a post on his social media platform Truth Social.

U.S. Steel's headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares surged more than 20% to close at $52.01 per share after Trump's announcement.

President Joe Biden blocked Nippon Steel from purchasing U.S. Steel for $14.9 billion in January, citing national security concerns. Biden said at the time that the acquisition would create a risk to supply chains that are critical for the U.S. Trump, however, ordered a new review of the proposed acquisition in April, directing the Committee on Foreign Investment in the United States to determine "whether further action in this matter may be appropriate."

This is breaking news. Please refresh for updates.

Published Fri, May 23 2025 3:40 PM EDT | Updated 1 Min Ago


President Donald Trump said Friday that U.S. Steel and Nippon Steel will form a "partnership," after the Japanese steelmaker's bid to acquire its U.S. rival had been blocked on national security grounds.

"This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy," Trump said in a post on his social media platform Truth Social.

U.S. Steel's headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares jumped more than 24%.

This is breaking news. Please refresh for updates.

Published Fri, May 23 2025 3:40 PM EDT | Updated 1 Min Ago


President Donald Trump said on Friday that U.S. Steel and Nippon Steel will form a partnership that will bring $14 billion to the U.S. economy.

This is breaking news. Please refresh for updates.

Original article -

Published Fri, May 23 2025 3:40 PM EDT


This is breaking news. Please refresh for updates.

[OrlandoDem2]

1. Wow. Just wow.

[chicoescuela]

2. make america japanese again

[mpcamb]

5. trump campaigned against it with his America First and Only swagger back in the fall.

[rurallib]

3. First question to cross my mind: What's in it for Trump?

Where's the bribe? he don't do nothing for nothing.

[getagrip_already]

4. I wonder what his cut was?

This deal was never good for american jobs, and it likely will be worse given there will be no followup to implementation claims.

[Paladin]

8. You beat me to it.

That was my instantaneous response: How much money did trump make off this deal? It's not as if he's even making an effort to conceal his bought-and-paid-for corruption. And what does the mainstream media focus on? Why, Joe Biden's infirmities, of course.

[DENVERPOPS]

15. He openly told the oil and gas Corporations

that they could ask for anything if they donated a billion dollars to his personal "PAC"

[Bernardo de La Paz]

6. tRump killed US Steel in his first term with tariff taxes. It's why it is in the sad shape it is now. . . . nt

[MissouriDem47]

7. Aren't You Glad?

That the US won WWII?

[Ford_Prefect]

9. Selling out America by the ton. Are they paying him cash or crypto???

[Yo_Mama_Been_Loggin]

10. Like everything else it's likely he's overpromising.

It won't deliver the economic results he says it will.

[usonian]

11. Who else remembers "The Price is Right?"

[lonely bird]

12. Add $14 Billion to the U.S. economy?

Create at least 70,000 jobs?

Bull-fucking-shit.

[blue blues]

13. numbers are lies again

The U.S. steel market generated a revenue of USD 95,095.4 million in 2023 and is expected to reach USD 110,937.1 million by 2030. The U.S. market is expected to grow at a CAGR of 2.2% from 2024 to 2030. In terms of segment, building & construction was the largest revenue generating end use in 2023.
So that is the entire steel market ..... now one company is 14 billion?

[DENVERPOPS]

14. Sounds a lot like

that humongous Russian Aluminum Mill that Mitch said was coming to Kentucky.........pure bullshit to fool the voters in Kentucky to get Republicans there voted in again......