Market Chatter: Trump Casts Doubt on US Steel-Nippon Deal Because of Tariffs

MT Newswires Live

04/11

President Donald Trump said US Steel (X) may not need to go forward with a takeover by Nippon Steel, noting that tariffs are helping to strengthen the company's outlook, Reuters reported Thursday, citing remarks made during a Cabinet session.

"US Steel is going to do very well now because of tariffs, and I don't know why they even need a deal," Trump said, according to the report.

Trump expressed pride in US Steel's legacy and said Nippon should consider developing its own production facility instead, Reuters reported.

Trump said he might be more open to Nippon making an investment in US Steel but was wary of a stake turning into full control, according to the report.

US Steel shares fell 9.5% on Thursday and were 1% higher in Friday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4520","symbol_name":"美国基建股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2526205657","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526205657","pubTimestamp":1744370482,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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