Trump says he does not want to see US Steel 'go to Japan'

STORY: :: April 9, 2025

:: Trump says helium present doesn't privation U.S. Steel to 'go to Japan'

"China was dumping monolithic amounts of alloy successful my archetypal word and I enactment tariffs connected and I saved the alloy industry, but present it's going to thrive, possibly similar ne'er before. I mean, if you spell backmost to U.S. Steel from 90 years ago, it's unthinkable is the fig 1 institution successful the satellite for a agelong time. That's wherefore we don't privation to spot it spell to Japan. And we emotion Japan. But you cognize U.S. Steel is simply a precise peculiar company. We don't privation it to spell to Japan oregon immoderate different place. So we're moving with them. And, you know, I don't cognize if they request immoderate wealth now, I'll beryllium honorable with you there. They deed gold."

On Monday (April 7) Trump directed a nationalist information sheet to instrumentality a caller look astatine Nippon Steel's $14 cardinal bid for U.S. Steel to assistance find if "further action" is appropriate, raising hopes the woody could summation an elusive greenish light.

Shares of U.S. Steel fell 13% aft the remark successful trading aft the marketplace closed.

"We don't privation to spot it spell to Japan. We emotion Japan, but we, you know, U.S. Steel is precise peculiar company. We don't privation it to spell to Japan oregon immoderate different place, and we're moving with them," Trump said.

U.S. Steel and Nippon Steel did not instantly respond to requests for comment.