Overview

• President Donald Trump expressed opposition to Nippon Steel's acquisition of U.S. Steel, stating he prefers the company to remain American-owned.
• Trump suggested that U.S. Steel no longer requires a deal due to the benefits of his tariff policies, which have increased domestic steel demand.
• The Trump Administration has initiated a fresh CFIUS review of the $14 billion merger, pausing ongoing litigation until June 5, 2025.
• U.S. Steel shares dropped sharply following Trump's remarks, reflecting investor uncertainty about the deal's future.
• U.S. Steel and Nippon Steel remain engaged with the Trump administration, exploring options to secure investment while addressing national security concerns.