Trump Would Block the U.S. Steel Sale, but There's a Chance It Will Happen -- Barrons.com
Trump said that if elected, he will stop Japan's acquisition of United States Steel (X.US).
Former U.S. President and Republican candidate Trump stated on Tuesday that if he wins the election, he will terminate Japan's $14.1 billion acquisition of United States Steel Corporation (X.US). The stock price of United States Steel Corporation dropped by 2%. While Japanese steel manufacturers have promised not to lay off employees or close factories after a successful acquisition, both the Democratic and Republican parties view the acquisition as a threat to American employment. However, some analysts believe that the acquisition will help revitalize the U.S. steel industry. This acquisition has become a focal point of the presidential election, especially in the swing state of Pennsylvania, where United States Steel Corporation and the United Steelworkers union, who oppose this sale, are located.
Watching Shares Of United States Steel; Donald Trump Says If Elected He Will Stop The Merger Between U.S. Steel And Japan's Nippon If Not Completed
Express News | Trump: If I return to the White House, I will not allow japan to purchase united states steel company (X).
How Is The Market Feeling About United States Steel?
Nippon Steel Selling Stake in Alabama Steel Mill Stake -- Market Talk