Trump remains opposed to US Steel sale, pledges tariff
Financial Express Mumbai|December 04, 2024
DONALD TRUMP REITERATED his opposition to the sale of United States Steel Corp. to Nippon Steel Corp., saying he'd instead use tariffs and tax incentives to revive the American steelmaker.
BLOOMBERG
Trump remains opposed to US Steel sale, pledges tariff

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.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 04, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView All
Financial Express Mumbai

Top IITs see a drop in campus placements

More students likely getting jobs independently

time-read
2 mins  |
January 07, 2025
Financial Express Mumbai

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

time-read
1 min  |
January 07, 2025
US set to lift curbs on Indian nuclear entities
Financial Express Mumbai

US set to lift curbs on Indian nuclear entities

Eyeing Deeper Energy Ties

time-read
1 min  |
January 07, 2025
Eight jawans among 9 killed in Naxal attack
Financial Express Mumbai

Eight jawans among 9 killed in Naxal attack

VEHICLE BLAST IN CHHATTISGARH

time-read
1 min  |
January 07, 2025
Cautious outlook for auto companies in Q3
Financial Express Mumbai

Cautious outlook for auto companies in Q3

No segment shows growth except tractors

time-read
1 min  |
January 07, 2025
Financial Express Mumbai

SBI Cards: Credit costs to improve

Management strengthens risk assessment measures

time-read
2 mins  |
January 07, 2025
Financial Express Mumbai

Banks: Slower loan growth a worry

Asset quality concerns ease

time-read
2 mins  |
January 07, 2025
In search of a growth driver
Financial Express Mumbai

In search of a growth driver

DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY

time-read
4 mins  |
January 07, 2025
Tesla and Waymo should learn from '24 air crashes
Financial Express Mumbai

Tesla and Waymo should learn from '24 air crashes

If you yearn for a future where you can travel from place to place in safety and comfort, some of the major transport events of 2024 might feel like a setback.

time-read
2 mins  |
January 07, 2025
Financial Express Mumbai

Judicial Overreach Unwarranted

High court order staying Religare Enterprises AGM risks undermining shareholder rights, regulatory authority, and market confidence

time-read
3 mins  |
January 07, 2025