"Trump Touts US Steel-Nippon Steel Deal That Could Result In More Coal"

"The Japanese steelmaker has pledged to extend the life of U.S. Steel’s dirty blast furnaces if Trump greenlights a deal, potentially locking in decades of pollution." 

"In December, President Donald Trump said he was ​“totally against” Japanese steelmaker Nippon Steel’s plan to buy its American rival U.S. Steel, warning ​“Buyer Beware!!!” in a social media post.

On Friday night, however, Trump traveled to a U.S. Steel plant near Pittsburgh to celebrate that potential deal, describing it as a ​“blockbuster agreement that will ensure this storied American company stays an American company.”

“You’re going to stay an American company. You know that, right?” Trump said in an hour-long speech at the plant. ​“But we’re going to have a great partner.”

The terms of the takeover are not yet clear. Later on Friday, after returning to Washington, Trump told reporters he still hadn’t granted the acquisition his final approval."

Alexander C. Kaufman reports for Canary Media June 2, 2025.

Source: Canary Media, 06/03/2025