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Japanese Firm

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"Trump Vows to Block Japanese Firm's Bid for U.S. Steel Sale"
politics2 years ago

"Trump Vows to Block Japanese Firm's Bid for U.S. Steel Sale"

Former President Donald Trump vows to block the proposed $15 billion sale of U.S. Steel to a Japanese firm if he wins the 2024 presidential election, citing the need to bring manufacturing back to the United States and impose higher tariffs on imported goods. Trump's announcement comes amid opposition from the United Steelworkers union and President Joe Biden's administration, which has also expressed scrutiny over the proposed asset transfer to a foreign entity.