U.S. President Donald Trump on Monday told the country’s powerful foreign-investment screener to review Nippon Steel’s bid for U.S. Steel after his predecessor had blocked the acquisition weeks before leaving office.
The review will be conducted afresh — an unprecedented step — and the committee will submit recommendations within 45 days on whether measures proposed by the companies are sufficient to mitigate national security concerns.
Trump Orders Review of Nippon Steel’s Bid for U.S. Steel
On Monday, U.S. President Donald Trump directed the foreign-investment review committee to reassess Nippon Steel’s proposal to acquire U.S. Steel. This move comes after the previous administration blocked the deal just weeks before leaving office.
The review process will be conducted anew, marking a rare occurrence in such cases. The committee is expected to provide recommendations within 45 days. These recommendations will focus on whether the measures suggested by Nippon Steel and U.S. Steel can adequately address national security concerns related to the acquisition.
This decision highlights the ongoing scrutiny of foreign investments in critical U.S. industries and reflects the administration’s commitment to safeguarding national interests.
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