Trump to hold press conference with Japanese prime minister at White House
CBSN
Washington — President Trump is holding a joint press conference with Japanese Prime Minister Shigeru Ishiba Friday, as Japan's Nippon Steel hopes the Trump administration will allow a $14.1 billion bid for U.S. Steel to move forward, despite Mr. Trump's previous pledge to block the deal.
Mr. Trump told reporters Friday he hasn't changed his mind on U.S. Steel, but multiple sources said he is considering allowing Japan's Nippon Steel to complete its acquisition of U.S. Steel. Approval of the transaction isn't definite, and Mr. Trump has not made a final decision, sources say.
Mr. Trump met with the CEO of U.S. Steel, David Burritt, at the White House on Thursday. The Biden administration blocked the sale of U.S. Steel to Nippon Steel last month. U.S. Steel and Nippon Steel have filed lawsuits over the Biden administration's decision to stop Nippon Steel from taking over its Pittsburgh-based rival company.
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