Trump says Nippon Steel will 'invest heavily' in US Steel

The Japanese firm's $14.9bn (£12bn) takeover was blocked by President Joe Biden on national security grounds.

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Speaking alongside Japanese Prime Minister Shigeru Ishiba at the White House, Trump said Nippon would instead "invest heavily" in the company without taking a majority stake.

The Japanese firm's attempted takeover of Pennsylvania-based US Steel was previously blocked by President Joe Biden on national security grounds.

Union members and Trump had repeatedly criticised such a merger, which would have created one of the biggest steel companies in the world.

No details of the agreement were shared at Friday's bilateral, and Nippon has long stressed its plans to invest in the company.

https://www.bbc.com/news/articles/cvglzzqdwd2o

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