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2 months ago
United States Steel Corporation‘s (NYSE:X) stock is moving lower Tuesday after President-elect Donald Trump reiterated his opposition to the proposed acquisition of the company by Japan’s Nippon Steel Corporation, a deal valued at approximately $14.1 billion.
In a Truth social post, Trump declared that he would block the deal if it moves forward, citing his dedication to strengthening the domestic steel industry.
Trump highlighted his intent to use tax incentives and tariffs as tools to reinforce U.S. Steel’s position in the global market, stating that such measures ...
