Nippon Steel's top executive said Tuesday the Japanese company will stick with its proposed $14.1 billion takeover of U.S. Steel, despite President Donald Trump backing an investment and the possibility of tariffs.

TOKYO (Reuters) - Nippon Steel plans to use its current merger agreement to acquire U.S. Steel as a starting point for talks with the U.S. government, President Tadashi Imai said on Tuesday, as it aims to revive the deal. Earlier this month, U.S. President ...

Nippon Steel's president reaffirms commitment to U.S. Steel acquisition, seeking Trump's approval despite his preference for investment only.

U.S. President Donald Trump has stated that U.S. Steel will remain an American company and Nippon Steel will "invest heavily" in it. This implies that the Japanese firm would have a non-controlling but substantial stake in U.S. Steel.

Union alleges the company "initiated a coordinated attack, attempting to ... undercut our collective power by turning us against each other.”

The comments from Nippon Steel President Tadashi Imai on Tuesday are the first from an executive of the company since Trump said the steelmaker was considering an investment.

President Trump said he supported Nippon Steel to invest in U.S. Steel instead of purchasing it at a press conference with Japan’s Prime Minister Shigeru Ishiba. Photo: Mandel Ngan/AFP/Getty ...

The United Steelworkers union says it's raised concerns since the sale of U.S. Steel to Nippon Steel was proposed in 2023.

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Nippon Steel (NPSCY) plans to use its current merger agreement to acquire U.S. Steel (X) as a starting point for talks with the U.S.

Feb. 25 (UPI) --Nippon Steel's top executive said Tuesday the Japanese company will stick with its proposed $14.1 billion takeover of U.S. Steel, despite President Donald Trump backing only its ...