President Trump says Nippon Steel dropping US Steel bid to make investment instead

[BumRushDaShow]

Source: Yahoo! News/WPXI Pittsburgh, PA/AP

Fri, February 7, 2025 at 2:52 PM EST


President Trump on Friday announced that Japan’s Nippon Steel was dropping its $14.1 billion acquisition of the Pittsburgh-headquartered U.S. Steel and would instead be making an “investment, rather than a purchase.”

But it’s Nippon Steel’s bid that both Trump and President Joe Biden vowed to block.

Nippon Steel “is going to be doing something very exciting about US Steel,” Trump said with Japanese Prime Minister Shigeru Ishiba by his side. “They’ll be looking at an investment rather than a purchase.”

The details remain unclear. Trump said he would meet with the head of Nippon Steel next week “to mediate and arbitrate.”

Read more: https://www.yahoo.com/news/president-trump-says-nippon-steel-195246735.html

[twodogsbarking]

1. Trump rambled on about how bad Biden was. Incoherent even for him.

[LetMyPeopleVote]

2. trump just confused Nippon Steel with Nissan three times. Donald Trump is losing it.

Link to tweet

[BumRushDaShow]

3. But the media won't call it a "gaffe"

nor question his "mental fitness" and assert that there are "signs of dementia".

[reACTIONary]

4. What's the difference between an ...

....acquisition and an investment? 99% of the stock instead of 100%?