Trump made the comment in a Truth Social post on Monday night, with the decision on whether it goes forward slated to land on Biden's desk before Trump's inauguration. The president opposes it and has said US Steel would remain domestically owned, "guaranteed." He has stopped short, however, of flatly pledging to kill the acquisition.
Nippon Steel shares fluctuated after the news, before closing little changed in Tokyo. Meanwhile, shares of US Steel fell as much as 8.6% in US premarket trading.
This story is from the December 04, 2024 edition of Financial Express Mumbai.
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This story is from the December 04, 2024 edition of Financial Express Mumbai.
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