Nippon Steel Not to Buy Majority Stake in U.S. Steel: Trump
Washington, Feb. 9 (Jiji Press)--U.S. President Donald Trump said Sunday that Japan's Nippon Steel Corp. will not acquire a majority stake in United States Steel Corp.
Trump made the comment while speaking to reporters aboard Air Force One, reiterating his stance that he would not allow the Japanese steelmaker to fully buy out U.S. Steel.
The U.S. president said at a joint press conference with Japanese Prime Minister Shigeru Ishiba following their summit meeting in Washington Friday that Nippon Steel agreed to invest heavily in U.S. Steel instead of owning it. Trump said he would meet with the head of the Japanese company soon.
Former U.S. President Joe Biden ordered the halt of Nippon Steel's plan to acquire U.S. Steel on security grounds last month. Nippon Steel and U.S. Steel have jointly filed a lawsuit in a U.S. court seeking to nullify the order.
Trump posted on social media last December that he would make U.S. steel strong through tax incentives and tariffs, and that he was opposed to Nippon Steel's plan.
(2025/02/10-09:55)
To read a full story, please click here to find out how to subscribe.
NATIONAL
-
02/12 00:02 Truck Cab Confirmed in Sewer Pipe at Saitama Cave-In Site - 02/11 22:24 Nagumo to Become 1st Chief of SDF Joint Operations Command
-
02/11 20:58 China Removes Buoy Set Up in Japan's EEZ off Senkakus - 02/11 14:53 DPFP Vows to Increase Take-Home Pay
- 02/11 12:06 Japan Ruling-Opposition Talks Reaching Critical Point
- 02/11 09:16 Criminal Complaint Filed against Ishimaru over Tokyo Gov. Election
- 02/10 22:12 Japan's Digital Trade Deficit Hits Record 6.6 T. Yen in 2024
- 02/10 21:02 China Protests Ishiba-Trump Joint Statement
- 02/10 21:02 Keidanren to Name Toyota Pres. Sato, 3 Others as Vice Chairs
- 02/10 20:10 Japan to Set Numerical Criteria to Apply "Dangerous Driving"
- 02/10 20:08 Japan Govt Debt Climbs to Record 1,317 T. Yen
- 02/10 19:46 Saitama Sewer Rupture Expected to Take Years to Repair
- 02/10 16:01 Japan Govt to Support Portable Container Use at Roadside Stations
- 02/10 14:45 Nippon Steel Eyes "Bold Proposal" on U.S. Steel: Govt Spokesman
- 02/10 13:39 15 Years Sought over 2023 Attack on Ex-Prime Minister Kishida
- 02/10 13:15 Nonprofit Continues to Care for Pets Displaced by Noto Quake
- 02/10 11:13 (Update) Nippon Steel Not to Buy Majority Stake in U.S. Steel: Trump
- 02/10 11:08 Japan Current Account Surplus Hits Record High in 2024
- 02/10 09:55 Nippon Steel Not to Buy Majority Stake in U.S. Steel: Trump
- 02/09 22:58 Ishiba Expects Trump to Visit Japan during Osaka Expo
- 02/09 22:33 Japan's Ishiba Showed Trump Revised Plan over U.S. Steel
- 02/09 18:32 Social Loneliness Found to Worsen Arteriosclerosis in Mice
- 02/09 13:32 Expanding LNG Imports from U.S. in Japan's Interest: Ishiba
- 02/09 10:22 FOCUS: Ishiba Makes Solid Start toward Japan-U.S. "Golden Age"
- 02/08 21:22 Home Demolition Applications Rising in Quake-Hit Ishikawa
- 02/08 19:15 Trump Goes to Great Lengths to Host Japan's Ishiba
- 02/08 17:38 Head of Abductees' Families Relieved over Japan-U.S. Summit
- 02/08 17:10 ICC Pres. Deplores U.S. Order Enabling Sanctions on ICC Staff
- 02/08 15:27 Japan PM Ishiba Vows 1-T.-Dlr Investments in U.S. to Trump
- 02/08 13:40 Japan, U.S. Leaders Warn China over Taiwan
- 02/07 21:38 Norinchukin Bank Suffers Net Loss of 1.4 T. Yen in April-Dec.
- 02/07 19:52 GPIF's Investment Returns Total 10.7 T. Yen in Oct.-Dec.
- 02/07 18:20 Japan Coincident Economic Index Up 1.4 Points
- 02/07 17:57 Opposition Leader Slams Govt, LDP over N-Ban Treaty Meeting
- 02/07 17:30 Self-Driving Lanes to Open on Japan's Shin-Tomei Expressway
- 02/07 17:00 Ishiba-Trump Statement to Vow Golden Age of Japan-U.S. Ties
- 02/07 16:38 Unresolved Isle Row with Russia Regrettable: Japan's Ishiba
- 02/07 16:30 Japan Household Spending Drops for 2 Years in Row in 2024
- 02/07 16:07 (Update) Ohtani's Ex-Interpreter Sentenced to over 4 Years in Prison
- 02/07 15:51 Japan Govt OKs Univ. Tuition Aid for Families with Many Kids
- 02/07 15:13 Japan Panel to Review Retrial System
- 02/07 15:02 Japan Govt Adopts Bills to Boost Teacher Allowances
- 02/07 14:39 Japan Govt Adopts Bill to Introduce Active Cyberdefense
- 02/07 13:00 Japan Should Secure Funds for Income Tax Threshold Hike: IMF
- 02/07 12:24 Japan Govt Adopts Bill for Govt Investment in Rapidus
- 02/07 11:30 Japan-U.S. Summit Likely to Be Focused on Defense: Hagerty
- 02/07 09:59 Ohtani's Ex-Interpreter Sentenced to over 4 Years in Prison
- 02/06 22:50 Heavy Snow in Japan Causes 1 Death, 4 Injuries
- 02/06 22:48 Japan Govt Accepts Ruling Backing Disclosure of Moritomo Documents
- 02/06 20:30 1st Court Finds October 2024 Lower House Election Constitutional
- 02/06 20:08 Japan PM Ishiba Hails Investment Pact with Zambia
- 02/06 19:54 Kishida Attack Suspect Says He Wanted to Draw Attention
- 02/06 19:42 Japan to Allow Foreigners to Engage in Home Care Services
- 02/06 19:06 Trump May "Test" Japan's Ishiba at Upcoming Summit: Expert
- 02/06 19:00 Ishiba Leaves for U.S. to Hold 1st Talks with Trump
- 02/06 17:18 Japanese Rice Fish Detect UV Rays with Pituitary Gland
- 02/06 16:34 Former Nomura Securities Employee Arrested for Fraud
- 02/06 15:32 Ishiba, Trump May Discuss Alaska LNG Development: Senator
- 02/06 15:29 BOJ Policymaker Backs Rate Hikes to 1 Pct
- 02/06 14:45 PM Ishiba's Car Lightly Collides with Security Vehicle Again
- 02/06 14:24 Assisted Reproductive Tech Bill Submitted to Japan Parliament
- 02/06 13:54 76 Pct Feel Japan Is Less Safe: Police Survey
- 02/06 13:32 Crimes in Japan Up for 3rd Consecutive Year
- 02/06 13:20 (Update) JAL Plane Wing Strikes Tail of Delta Jet at Airport in Seattle
- 02/06 11:14 Apparent Cab of Truck Found in Sinkhole Site near Tokyo
- 02/06 09:22 JAL Plane Wing Strikes Tail of Delta Jet at Airport in Seattle
- 02/05 23:30 INTERVIEW: Japan Ski Association Focuses on Developing Star Athletes
- 02/05 22:11 Ishiba, Trump Seen Stressing Need for Peace in Taiwan Strait
- 02/05 21:03 Japan Experts Want 3-Day Shelter-in-Place after Nuke Accident
- 02/05 20:08 2 U.S. Fighters Make Unscheduled Landings at Western Japan Airport
- 02/05 18:14 Japanese Firms Remain Wary of Trump Tariffs despite Delay
- 02/05 16:53 Japan Eyes Intensive Repair of Water, Sewage Pipes
- 02/05 15:24 Osaka Body Identified as Transport Min. Official's
- 02/05 14:23 Japan Lower House Panel Begins 1st Budget Review by Agency
- 02/05 12:33 Gaza Worker Appeals for More Int'l Aid after Ceasefire
- 02/05 10:42 Japan Real Wages Fall 0.2 Pct in 2024
