citing national security concerns

A deal that reemerged at the summit was Nippon Steel’s investment in US Steel. In January, President Joe Biden blocked Nippon Steel’s $14.9 billion offer to purchase US Steel, citing national security concerns. In his conversation with Trump, Ishiba argued that the deal would (1) transfer Nippon Steel’s industry-leading steel technology to US Steel, (2) strengthen America’s steel production and supply chains, and (3) protect the US market from Chinese steel overcapacity and dumping. At their joint press conference, Trump announced that Nippon Steel “will be making an investment rather than a purchase.” In a later interview, Ishiba suggested that there was a pathway to keep US Steel American owned while securing substantial financing and technology transfer from Nippon Steel. สล็อต