Trump doubles steel tariffs
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Speaking at a U.S. Steel plant in Pennsylvania, President Donald Trump touted his administration’s economic successes and promoted the “big, beautiful" budget bill.
By Jeff Mason, Alexandra Alper and Trevor Hunnicutt WEST MIFFLIN, Pennsylvania (Reuters) -U.S. President Donald Trump on Friday lauded a "partnership" between Nippon Steel and U.S. Steel at a political rally but stopped short of clarifying whether he planned to approve the companies' diplomatically sensitive merger.
Modified agreement keeps American control while securing Japanese investment, despite previous opposition from Trump and GOP senators.
President Trump will visit the Pittsburgh area after announcing a deal with Nippon Steel described as a "partnership" with U.S. Steel that will keep the company's headquarters in America. Jim Donovan has your morning headlines with weather from Meteorologist Kate Bilo.
President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.
The Japanese firm's planned acquisition of U.S. Steel, initially floated in 2023, divided the politically important state of Pennsylvania and its heavily unionized blue-collar workforce.
As President Trump celebrates a deal with Nippon Steel of Japan, industry experts wonder what will happen to U.S. Steel’s coal-powered plants.