Trump reaffirms US Steel control amid Nippon partnership deal
In a sharp rebuke of uncertainty swirling around a proposed $14.9 billion bid, President Trump insists that US Steel will remain under American control despite a foreign partnership with Nippon Steel. His comments have stirred debate about national economic sovereignty, with market watchers left questioning the long-term impact of this high-stakes deal on U.S. industry.
The partnership deal is expected to add $14 billion to the U.S. economy.
President Trump's comments supporting Nippon Steel's $14.9 billion bid for U.S. Steel left lingering questions about the scope of the deal and its costs for the Japanese firm, leading to muted gains for its shares on Monday.
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