Trump says Nippon Steel will invest in U.S. Steel, not buy it

President Trump says U.S. Steel will not be sold to a Japanese company. Standing alongside Japan’s prime minister, the president said Nippon Steel would no longer buy U.S. Steel as planned. He said Nippon would make an investment instead of a purchase. No details of the investment were provided. Both President Trump and President Biden opposed the purchase of U.S. Steel by a foreign company and vowed to block any merger.