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Trump Vows to Block Japanese Takeover of US Steel: What It Means for Your Wallet

Trump’s fight to block the U.S. Steel takeover could affect American jobs, prices, and your finances. Is it a mistake?

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The Japanese firm announced last year that it would acquire U.S. Steel Corp. in a $14.9 billion deal — a move that was sharply criticized by lawmakers on both sides of the aisle. Nippon asked in September to refile its acquisition bid, a move that put off a decision on approving the deal until after the presidential election.

Donald Trump’s opposition to Nippon Steel’s U.S. Steel acquisition is not surprising but may be a mistake. Discover how this deal could impact American jobs, national security, and your personal finances.

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