Trump says Nippon Steel, which costs $ 14.9 billion, says: “They have agreed to invest heavily … instead of having it” – Nippon Steel (OTC: NPSCY), USA Steel (NYSE: X).

US President Donald Trump He is considering approval Nippon steel‘s Npscy 14.1 billion dollars The United States Steel Corp. x As investment, instead of the purchase process.

What happenedTrump’s unexpected comments came amid the chase of Nippon Steel for a year from the United States, which faced strong opposition from the president himself. The notes were made in the presence of Japanese Prime Minister Shigo Ishiba in the Oval Office.

The president said Nippon Steel would do something very exciting for us. ”

“They will look at an investment instead of a purchase.”

“They have agreed to invest heavily in the American steel, instead of owning it.”

Stanford researcher says that Illon Musk, which lasted 120 hours in the working week “was not old but unfounded.”

Investment details and any possible changes in the deal structure are still unclear. However, Trump has announced plans to meet Nipon Steel president next week for “mediation and arbitration”.

“It is not unilaterally. It will be mutual, it will be useful for both parties,” said Ishiba.

Comments from Trump came a day after his meeting with the CEO of the United States David Burit In the White House. The deal became a controversial problem, as Biden and Trump previously pledged to ban it.

Why do it matterNippon Steel was secured in a legal conflict with the Biden administration last year because of its acquisition of the suspended American steel. In early January, CEO Egi Hashemoto Refuse the customs tariff as an insufficient solution to enhance the American steel industry. He defended the integration, stressing that he would enhance national security by establishing a more flexible and competitive company.

Last year, the lawsuit filed by Nippon Steel challenges the US administration’s decision, claiming that it had violated the rights of constitutional legal procedures. According to what was reported, the former opposition from Biden is aimed at obtaining the support of the Union in Pennsylvania, a major state in the political scene.

The American steel shares closed almost 6 % less on Friday after a turbulent trading session. The stocks rose initially after the CBS report indicating that Trump may agree to the deal. However, the gains were erased after Trump reaffirmed his opposition to the acquisition in the comments.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.

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