Trump announces 50% steel tariffs as Nippon deal sparks hope for U.S. jobs 02:33. President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though ...

Before exiting the White House, Joe Biden blocked Japan’s Nippon Steel from acquiring U.S. Steel, citing national security concerns. This was a rare point of agreement between the Democrat and ...

Stay informed with the latest news, analyses, and insights on Joe Biden's policies, decisions, and impact on the economy and business landscape. Follow Fox Business for comprehensive coverage of ...

A deal between Nippon and U.S. Steel was first proposed in late 2023. Then-President Joe Biden rejected the deal on national security grounds near the end of his time in office, but President ...

It was President Joe Biden, in fact, who blocked Nippon Steel’s acquisition of U.S. Steel — arguing, implausibly, that the purchase of an American steelmaker by a company from the nation’s ...

U.S. Steel shares jumped around 5% to $54.84 in after-hours trading Friday. Nippon Steel agreed to pay investors $55 a share. Trump’s executive order Friday allowing the deal to move forward ...

In January, former President Joe Biden issued an executive order to halt Nippon’s acquisition of U.S. Steel, saying it would place America’s largest steel producers under foreign control and ...

Before exiting the White House, Joe Biden blocked Japan’s Nippon Steel from acquiring U.S. Steel, citing national security concerns. This was a rare point of agreement between the Democrat and ...

Nippon Steel plans to complete its purchase of U.S. Steel after reaching an agreement with the Trump administration to resolve national-security concerns. The Tokyo-based steelmaking giant beat ...