U.S. Steel has announced a collaboration with Nippon Steel, which is projected to create at least 70,000 jobs and contribute $14 billion to the economy of a certain country. The stock price of U.S. Steel surged by over 20% at the close. Media reports indicate that prior to the post, the White House confirmed that President Trump had received recommendations from the Committee on Foreign Investment in the United States (CFIUS) regarding the acquisition of Nippon Steel.
The majority of the committee members believe that “any risks can be mitigated through remedial measures.” Post-market, U.S. Steel stated that the company “will remain an American company,” and will grow through its partnership with Nippon Steel, expressing “great gratitude” to President Trump. The stock price of U.S. Steel continued to rise post-market, increasing by nearly 4%. Policy U-turn: From National Security Threat to Partnership Although the White House has not officially responded to the aforementioned news from Japanese media, this implies a 180-degree shift in Trump’s stance, potentially overturning a decision made by Biden over four months ago. Clearly, under the same regulatory framework, different administrations in the United States have reached starkly different conclusions. Risk Warning and Disclaimer: The market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice and has not taken into account individual users’ specific investment objectives, financial conditions, or needs. Users should consider whether any opinions, views, or conclusions in this article align with their particular situation. Responsibility for investment decisions based on this article lies with the investor.
