Trump Pledges to Block U.S. Steel Sale to Japanese Firm

Former president cites job protection and industry security as reasons, while the deal faces scrutiny from the Biden administration.

Former President Donald Trump vows to block the sale of U.S. Steel to Japanese firm Nippon Steel if re-elected, citing the need to protect jobs and the steel industry.
Trump's remarks came after a meeting with the Teamsters union, aiming to appeal to its 1.3 million members by promising to take extreme measures to limit trade.
The Biden administration has indicated that the $15 billion deal will undergo 'serious scrutiny' due to concerns about national security and supply chain reliability.
U.S. Steel and Nippon Steel assert that no jobs will be lost due to the sale, and they plan to maintain the U.S. Steel name, branding, and Pittsburgh headquarters.
Trump's stance on the sale reflects his broader protectionist policies, including plans to impose higher tariffs on imports, especially from China.