U.S. Steel Stock Is Rising. Trump OKs Nippon Deal
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The U.S. Steel and Nippon deal continues to be a point of contention between labor and the presidential administration.
1don MSN
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel.
President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.
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The European Union must keep a constructive position with the U.S. on trade tariffs to avoid an unwanted trade war, EU Council President Antonio Costa said on Monday.
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The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.