Trump is considering allowing Nippon Steel to acquire US Steel - report ...Middle East

It was a non-sensical decision at the same time as the administration was paying foreign companies to build and own chip fabs in the USA.

"I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan," he wrote in December.

CBS reports that he's considering allowing the sale, citing multiple sources.

Trump is meeting with Japanese PM Ishida today and US Steel was undoubtedly on the agenda.

Shares of US Steel rose 2% today but are still trading well below the $55 deal price.

This article was written by Adam Button at www.forexlive.com.

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