Overview

• President Trump has instructed CFIUS to reassess the proposed acquisition of U.S. Steel by Nippon Steel, with a 45-day deadline for recommendations.
• The review follows Biden's earlier decision to block the $14.1 billion deal, citing risks to national security and critical supply chains.
• U.S. Steel and Nippon Steel have filed lawsuits claiming Biden's decision was politically motivated and denied them a fair review process.
• U.S. Steel's stock surged over 14% following the announcement, reflecting renewed investor confidence in the potential approval of the deal.
• The acquisition remains contentious, with unions and policymakers divided on its implications for U.S. economic sovereignty and industry stability.