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Nippon Steel buyout of US Steel cleared with job, investment conditions, Trump says

( May 23, 2025, 19:42 GMT | Official Statement) -- MLex Summary: Nippon Steel's proposed acquisition of US Steel, which was blocked under the Biden administration, will be allowed to go forward, President Donald Trump announced on Truth Social. "This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy," Trump stated. "The bulk of that Investment will occur in the next 14 months." See Truth Social post below. ...

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