Trump Approves Nippon Steel’s $14.9B U.S. Steel Bid Under Strict Conditions
Trump Approves Nippon Steel’s $14.9B U.S. Steel Bid Under Strict Conditions President Donald Trump has approved Nippon Steel’s $14.9 billion acquisition of U.S. Steel, but only after imposing stringent conditions to address national security concerns. The deal, initially met with opposition from both Trump and his predecessor, Joe Biden, will proceed following a tumultuous journey through regulatory hurdles and public pronouncements. Trump’s executive order, released Friday, stipulates that the acquisition can move forward only if Nippon Steel meets specific, undisclosed…