President Donald Trump announced that he will be doubling tariffs on steel to 50% during a Pittsburgh rally at U.S. Steel’s Irvin Works on Friday.
Read More Trump announces 50% tariff on steel imports at Pittsburgh rally, celebrates Nippon Steel deal ‘creating and saving over 100,000 American jobs’
Nippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company.
Read More Exclusive: Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, document says
Japanese Prime Minister Shigeru Ishiba met with President Donald Trump on Friday, as Trump cordially requested that Japan close its $68 billion trade deficit with the United States.
Read More Japanese Prime Minister Meets Trump to Discuss Trade, Announces U.S. Investment
U.S. Steel and Japan’s Nippon Steel sued the U.S. government on Monday in a bid to challenge the Biden administration’s order to block the almost $15 billion deal for the Japanese company to buy the American steelmaker.
Read More U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’
President Joe Biden announced Friday that he would block the sale of U.S. Steel to Japanese-owned Nippon Steel after a yearlong review of the possible acquisition.
Read More Biden Vows To Block U.S. Steel Sale To Japan’s Nippon Steel
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath