Trump: ``I would immediately block'' US Steel acquisition. Nippon Steel announced that both companies had agreed to acquire major American steel manufacturer US Steel, with the acquisition price expected to be approximately 2 trillion yen.
Pennsylvania, where U.S. Steel is headquartered, is a battleground state where Democratic and Republican support is at odds, and while Mr. Trump won the presidential election in 2016, Mr. Biden won in 2020. In light of this situation, the Biden administration has indicated that the government's Committee on Foreign Investment will carefully examine acquisitions.