Trump Orders New Review of Nippon Steel's Bid for U.S. Steel

The Committee on Foreign Investment in the U.S. has 45 days to assess whether proposed measures address national security concerns, reversing Biden's earlier decision to block the deal.

President Donald Trump has directed the Committee on Foreign Investment in the United States (CFIUS) to reevaluate Nippon Steel's proposed $14.1 billion acquisition of U.S. Steel.
The Biden administration had blocked the deal in January 2025, citing national security risks, straining U.S.-Japan relations.
Trump's order gives CFIUS 45 days to determine whether measures proposed by Nippon Steel and U.S. Steel can adequately mitigate security concerns.
Following the announcement, U.S. Steel's stock surged significantly, with increases reported between 7% and 12%.
The decision marks a potential shift in U.S. policy on foreign investment in critical industries, renewing debates over economic and security implications.