Trump shocked when he announced a partnership between US and Nippon Steel. Details but
Trump, Biden and Harris were against the agreement.
Washington. US President Donald Trump He shocked markets when he announced a partnership among the US steel group US Steel and Japanese company Nippon Steel on Friday.
But in addition to the statement that it supports an agreement that will preserve the iconic American company in the US, he has not provided any further details.
Informs Agency Bloomberg.
Trump stopped before the explicit approval of the proposed US Steel Steel Steel with $ 14.9 billion (EUR 13.18 billion).
The President only stated that the partnership will create at least 70,000 jobs and bring $ 14 billion to the US economy, with most investments being made in the next 14 months.
While the White House refused to provide further details, the Japanese media, including Nikkei, reported that the purchase was approved, referring to US sources that did not identify.
An unexpected announcement through social media came shortly after the White House confirmed that Trump received a recommendation from the US Foreign Investment Committee in the US, which reviewed the proposed takeover.
Trump has repeatedly declared that it must be an investment, not a direct ownership that was originally agreed by both companies in 2023. The previous president Joe Biden He blocked the agreement with reference to concerns about national security.
According to supporters of the merger, this step will lead to reviving American society through investments in increased capacity and technology. However, the agreement faced resistance by the influential United United United Union SteelWorkers (USW).
Trump, Biden I Democratic Candidate for Presidential Post Kamala Harrisová They opposed the agreement in 2024 and insisted that the company stay in the American hands.
Trump’s blessing could bring a new era for the American steel manufacturer. Investments in American factories will make them the most effective races in the world.
However, the USW David McCall, head of the Trade Union, pointed out that the promises are promises and has not yet convinced him that Nippon Steel would keep them.
He considers the latest reports only another desperate attempt to get US steelworks.
US Steel shares in New York closed trading on Friday with an increase of 21 percent to $ 52.01. In December 2023, the company agreed to sell Nippon Steel for $ 55 per share.
The stunning reversal comes when the US and Japan are trying to reach an agreement on trade after a series of Trump’s duties to import to the US.
Japan faces 25 percent of cars, steel and aluminum, as well as a 10 % CLU for the remaining goods. In addition, he threatens him reciprocal duties 24 percent that Trump has postponed until July to give space to negotiations.
