US will have 'golden share' in U.S. Steel after Nippon deal, Trump says
WASHINGTON -- The U.S. will have "a golden share" in U.S. Steel following its acquisition by Japan's Nippon Steel, President Donald Trump said on Thursday, stressing the arrangement will give the government management control over the American steelmaker.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
27 minutes ago
- Nikkei Asia
Kitchen equipment maker Hoshizaki to buy US peer for $375m
NAGOYA, Japan -- Hoshizaki, a Japanese manufacturer of kitchen equipment, said Friday it would acquire U.S. food showcase maker Structural Concepts in a move to strengthen its sales in the American market. Hoshizaki will use its U.S. subsidiary to buy all of Structural Concepts' issued shares by around the end of July. The deal is expected to be worth $375 million, making it the largest acquisition in Hoshizaki's history.
Nikkei Asia
34 minutes ago
- Nikkei Asia
North Korea diplomacy could be next for Trump: Hudson report
WASHINGTON -- U.S. President Donald Trump's most dramatic first-term initiative was his summitry with North Korean leader Kim Jong Un, and as he faces stalled negotiations with Iran and little hope for a settlement in the Russia-Ukraine war, Pyongyang may get new attention. Marking the seventh anniversary of the first Trump-Kim summit in Singapore, the Seoul-based think tank Chey Institute for Advanced Studies and the conservative Hudson Institute released a joint study on Thursday exploring renewed U.S.-North Korea diplomacy.
NHK
an hour ago
- NHK
Ishiba says he will meet Trump on sidelines of G7 in Canada
Japan's Prime Minister Ishiba Shigeru says he will meet US President Donald Trump on the sidelines of the Group of Seven summit in Canada next week. Ishiba spoke with Trump over the phone on Friday. Japan requested the call, which lasted about 20 minutes. The prime minister told reporters that he once again asked for a review of US tariffs. He said he told Trump that Japan intends to help cut the US trade deficit through massive investments and by increasing imports. Ishiba said he and Trump agreed to speed up ministerial trade talks to realize a mutually beneficial agreement. Japan's chief negotiator, Economic Revitalization Minister Akazawa Ryosei, is visiting Washington for a fresh round of talks. Ishiba said his meeting with Trump will be based on the outcome of Akazawa's negotiations. He said his conversation with the US president was "frank and meaningful." Ishiba also said he made the call to say happy birthday to Trump, although it was one day early. Whether he and Trump can reach some form of agreement on the tariffs will be the focus of their meeting. Officials from the two sides are still arranging the exact date. The two leaders also discussed Israel's military attack on Iran. They agreed that peace and stability in the Middle East is extremely important, and that they will remain in close contact about any developments.
