Trump OKs Nippon Steel investment in U.S. Steel
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The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.
The U.S. Steel and Nippon deal continues to be a point of contention between labor and the presidential administration.
In Tokyo, there’s concern — and more than a little trepidation — over what the Nippon Steel deal and doubled tariffs portend for the economic relationship.
President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.