President Trump said Wednesday that he does not want to go to Japan, a suggestion that he does not support Nippon Steel’s offer by the American steel producer.
The comment seemed to contradict the recent actions of the Trump administration.
On Monday, Trump ordered a national security panel to take a new look at the offer of $ 14 billion of Nippon Steel for Us Steel to help determine if the “additional action” is appropriate, which increases the hope that the agreement obtains an evasive green light.
After Trump’s last comment, Us Steel’s actions fell 13% in the negotiation outside Wednesday.
“We don’t want to see Japan goes,” Trump said, he added that “we love Japan.”
“We don’t do it because you will go to Japan or any other place, and we are working with them,” Trump said.
Us Steel and Nippon Steel did not immediately respond to comments requests.
The outgoing president, Joe Biden, had blocked the merger in January for national security reasons.
After Biden’s decision, the two colleagues sued the foreign investment committee in the United States, which analyzes foreign investments for national security risks, claiming that Biden had preached the decision of the committee and the right of violin to A.
The agreement was announced in December 2023 and almost immediately ran into the opposition throughout the political spectrum before the presidential elections of November 5. Both candidates Trump and Biden promised to block the purchase of the historical American company.
The colleagues had argued that Biden opposed the agreement when it was running for re -election to gain the support of the StepWorkers workers in the state of Battleground of Pennsylvania, where American steel is based. The Biden administration had defended the review as essential to protect security, infrastructure and supply chains.
Last month, the Trump administration presented a motion to extend two deadlines in the demand to give the government more time to conclude fusion conversations with companies.
On Monday afternoon, the Trump administration and the companies asked an appeals court that stops their litigation until June 5, while CFIUS reviews the link again, pointing out that the process has the potential to “completely solve” the claims of the companies.
