Trump orders a new review of the United States’ hard acquisition by Nippon Steel

president Donald Trump On Monday, I ordered the proposed acquisition of US Steel by Japan Nippon steel To undergo a new review after the prohibition of the deal by the president Joe Biden.

Trump directed the US Foreign Investment Committee to review the acquisition again to help “determine whether there is another procedure in this matter might be appropriate,” according to Presidential work The White House was issued on Monday.

Steel USA The shares increased by 11 % in response to the decision.

Trump gave the committee 45 days to make a recommendation on whether the measures proposed by the United States and Nippon were “sufficient to alleviate any risks of national security.”

Biden banned the $ 14.9 billion deal in January, noting a possible threat to critical supply chains offered by one of the largest steel producers in the United States under foreign control.

Trump also opposed the deal, but it seems that the president is alleviating his position in February during a meeting with Japanese Prime Minister Shigro Ishiba. Trump said at the time that Nippon would invest heavily in the United States instead of buying the company.

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