USW calls on Trump to reject USS, Nippon deal

: Metals
25/05/22

The United Steelworkers (USW) union today called for the administration of President Donald Trump to reject Nippon Steel's newest proposal for investment in steelmaker US Steel.

USW president David McCall in a statement today called Nippon a "serial trade cheater" and its proposed $14bn investment into the company a "disaster for American Steelworkers, our national security and the future of American manufacturing."

The revived negotiations follow Nippon's $15bn bid for US Steel in 2023, which was eventually blocked by the outgoing administration of former president Joe Biden in January. Trump in February 2024 said that he would block the deal if elected. But a year later he said a deal could be negotiated if it did not involve a full takeover of US Steel, but was instead a large investment from Nippon.

Trump in April called for a national security investigation into the deal and was presented yesterday with a recommendation from the Committee on Foreign Investment in the US. The results of that recommendation have not been made public.

By Marialuisa Rincon

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25/06/11

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