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US Steel shares tumble after Trump says he doesn’t want company sold to Japan’s Nippon

Steel
New York Post Fews App News Provider
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President Trump said Wednesday he does not want US Steel to go to Japan, suggesting he does not support Nippon Steel’s bid for the American steel producer. The comment appeared to contradict recent actions by the Trump administration. On Monday, Trump directed a national security panel to take a fresh look at Nippon Steel’s $14 billion bid for US Steel to help determine if “further action” is appropriate, raising hopes the deal could gain an elusive green light.

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