Regarding Nippon Steel's decision to acquire the major American steel manufacturer "US Steel," former President Trump of the United States made it clear that he would not approve the acquisition, saying, "I would immediately block it."
Last December, 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.
Regarding the deal, former President Trump told reporters in Washington, D.C., on the 31st, ``This is terrible. I would immediately block it. Absolutely.'' If he were to become president again, he would not approve the acquisition. revealed.
Regarding the acquisition agreement, the USW (United Steelworkers Union) has issued a statement criticizing the acquisition, and some members of the ruling and opposition parties have also voiced strong opposition.
In light of this situation, the Biden administration has indicated that the government's Committee on Foreign Investment, which investigates the impact on U.S. national security, will carefully examine acquisitions.
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.
This is an unusual situation in which the presidential election situation could have an impact on the outcome of a huge acquisition plan.