“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote in a post Monday on Truth Social.
The Hill has contacted Nippon Steel for comment.
The Japanese firm announced last year a $14.9 billion deal to acquire U.S. Steel — a move that alarmed and was sharply criticized by both Republican and Democratic lawmakers.
Nippon asked in September to refile its acquisition bid, which put off a decision on the deal until after the presidential election.
The deal also faced pushback from the United Steelworkers union.
“Our concerns are rooted in a wealth of evidence," David McCall, international president for United Steelworkers, wrote earlier this year.
"Nippon Steel has a long history of strategically importing both substrate and finished products into the United States and countries as it offloads its 16 million tons of over-capacity in Japan and China, all to the detriment of American steelmaking and American steelworkers,”
Trump added in his post that “we will make U.S. Steel Strong and Great Again” through tax incentives and tariffs, which he has threatened to levy on allies and adversaries alike.
The Hill's Juliann Ventura has more here.
