By Bob Tita
President Trump on Wednesday ratcheted up long-running tensions around the fate of U.S. Steel, reiterating that the steelmaker should remain an American company. U.S. Steel shares tumbled more than 11% in after-hours trading.
Pittsburgh-based U.S. Steel and Japanese steelmaking giant Nippon Steel have been striving to save their $14 billion deal after former President Joe Biden in January blocked it on national-security grounds.
Trump, who has also opposed the U.S. company's sale to a foreign owner, has encouraged the companies to think creatively. He has said he could support Nippon Steel taking a minority stake in U.S. Steel.
But Trump dimmed prospects for Nippon Steel completing a takeover in remarks Wednesday. "U.S. Steel is a very special company, we don't want it to go to Japan or any other place," he said.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 09, 2025 18:12 ET (22:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。