Source: Axios
“President-elect Trump on Monday night reaffirmed his pledge to stop Nippon Steel’s planned $15 billion purchase of U.S. Steel. It’s the first time he’s commented on the proposed takeover by Japan’s largest steelmaker since being reelected president on Nov. 5. Although Trump had previously pledged to block the deal, the New York Times notes that it was expected ‘there could be a way forward for the deal after the political pressure subsided.’ Some had hoped mergers and acquisitions would surge under a light-touch regulatory Trump administration. … With the deal expected to close before Inauguration Day, it could complicate Trump’s efforts to roll it back if it were to proceed.” (12/03/24)
https://www.axios.com/2024/12/03/trump-nippon-us-steel-block-tariffs-tax-incentives