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Trump says Japanese steel company will drop bid to purchase US Steel; instead will make investment in company

  • Nippon Steel will not purchase U.S. Steel as planned but will instead invest in the company, according to President Donald Trump.
  • Trump mistakenly referred to Nippon Steel as Nissan during a news conference with Japanese Prime Minister Shigeru Ishiba.
  • The investment aims to enhance U.S. Steel's operations with Japanese technology, as stated by Ishiba.
  • Governor Josh Shapiro emphasized his commitment to protecting jobs in Pennsylvania amid the investment announcement.
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Bias Distribution

  • 67% of the sources are Center
67% Center
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Forbes broke the news in United States on Friday, February 7, 2025.
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