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Trump orders new reviews of Japanese Steel’s collection of US steel


A tugboat will push a barge near U.S. Steel in Claireton, Pennsylvania on September 9, 2024.

Justin Merriman | Bloomberg | Getty Images

president Donald Trump Japan is ordered to buy U.S. steel on Monday Japanese Steel President accepts new scrutiny after lockdown deal Joe Biden.

According to one Presidential Action The White House issued on Monday.

American Steel Stocks responded 11% higher to the decision.

Trump gave the committee 45 days to make suggestions on whether the measures proposed by U.S. Steel and Japan are “enough to mitigate national security risks.”

Biden canceled a $14.9 billion deal in January, citing a potential threat to key supply chains posed by one of the largest U.S. steel producers.

Trump also opposed the deal, but the president appears to have weakened his position in a meeting with Japanese Prime Minister Shigeru Ishiba. Trump said at the time that Japan would make a lot of investment in U.S. steel instead of buying companies.

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