Donald Trump announced Nippon Steel had abandoned its plan to buy US Steel but would “invest heavily” in the iconic Pittsburgh producer.
At a joint press conference with Japanese Prime Minister Shigeru Ishiba on Friday, the president said the prospect of an investment in US Steel was “very exciting”, adding he would meet the head of Nippon next week.
“They’ll work out the details . . . I’ll be there to mediate and arbitrate,” he said.
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