US President Donald Trump and Japanese Prime Minister Shigro Ishiba will hold a joint press conference in the Eastern Chamber of the White House in Washington, DC, on February 7, 2025.
Jim Watson AFP | Gety pictures
president Donald Trump He said on Friday that Nippon Steel will invest heavily Steel USA Instead of buying the company.
“They will look at an investment instead of buying,” Trump said at a press conference with Japanese Prime Minister Shigro Ishiba. “They have agreed to invest heavily in the American steel, instead of owning it.”
The US Steel stocks closed approximately 6 % at $ 36.98 after Trump’s comments. During his remarks, the president makes a mistake, referring to Nissan when he meant that Nippon would invest.
Ishiba also said that Nippon will invest in the United States and not get the company. The Prime Minister said that Japan will provide technology for the United States to manufacture better quality products in the United States
“It is not unilaterally. It will be a mutual, it will be useful for the two parties,” Ishiba said through the translator translator.
The former president Joe Biden Prohibited Nippon offered $ 14.9 billion to the United States In early January, quoting national security concerns. The United States and Nepon have them He asked a federal court To cancel Biden’s decision, claiming that he was constitutionally acting.
Trump also opposed the deal, although the United States of steel has pressed the president to reconsider his predecessor’s decision. David Burit, CEO of Steel, met with Trump at the White House on Thursday.
Nippon competition Cleveland arrival He sought to take a step on the American steel in the wake of Biden’s decision to ban the deal. “On January 13th He wants to buy the company.
“I have a plan, and I have a solution to every American in his place,” said Gonclavis. “All Americans focus on people, on workers.”
Tell people familiar with CNBC At that time, Cleveland Calvs was a partnership with a competitor nucleus To give us steel. They said that the show will be in the high 30sa stake. Nippon had planned to buy US steel for $ 55 per share.
People said at the time that Cleveland Clevo is proposing to buy American steel for all cash and sell NUCOR Steel Big River Steel. The American steel headquarters in Pittsburg will remain below the deal.
It is not clear how Trump’s comments on Friday will affect the possible future price offers for us.
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