Trump Is Praising His U.S. Steel Deal. No One Is Sure What It Means
Nippon Steel 5401 0.68%increase; green up pointing triangle and U.S. Steel X 1.00%increase; green up pointing triangle have billions on the line in their blockbuster tie-up. They are waiting for President Trump to explain how it's going to move forward.
Trump is scheduled to speak to U.S. Steel workers Friday about the planned deal between Nippon Steel and U.S. Steel, which he hailed a week ago as a 'partnership.' The Tokyo-based steelmaker for the past year and a half has been pursuing a $14 billion takeover of Pittsburgh-based U.S. Steel, in recent months pledging additional investment in the company's plants to help win Trump's backing.
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