Trump says Nippon-US Steel deal has resolvable national security risk
A production line of a plate rolling mill is pictured at Nippon Steel's East Nippon Works Kimitsu Area plant in Kimitsu, east of Tokyo, Japan May 26, 2025. REUTERS/Issei Kato/File Photo
WASHINGTON (Reuters) -Nippon Steel's $14.9 billion bid for U.S. Steel poses a national security risk, but those concerns can be mitigated if the companies fulfill certain conditions laid out by the Trump administration, U.S. President Donald Trump said in a executive order on Friday.
"I additionally find that the threatened impairment to the national security of the United States arising as a result of the Proposed Transaction can be adequately mitigated if the conditions set forth in section 3 of this order are met," Trump said in the order released by the White House.
(Reporting by Kanishka Singh and Ismail Shakil)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Factbox-From Australia to Europe, countries move to curb children's social media access
- Nigerian gunmen raise over $5 million from mass kidnappings, study finds
- China, India reaffirm border peace, expand communication channels
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share