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DARK SECRETS: 3 | Rare Historical Photos

US Steel, Nippon Partnership Proceeds With Security Deal, 'Golden Share'

The partnership between US Steel and Nippon Steel has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called "golden share" advantage obtained by President Donald Trump's administration.

International Business Times

Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms

President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government

The Independent UK

Stocks Fall and Oil Rallies as Israel Attacks Iran

The S&P 500 Index ($SPX ) (SPY ) is down -0.96%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.05%. June E-mini S&P futures (ESM25 ) are down -0.79%, and June E-mini Nasdaq futures (NQM25...

Barchart

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‘Another snake-oil salesman’s pitch’: US workers wary of Trump’s steel deal

The president believes his Nippon Steel agreement will revive America’s steel industry – but workers are skeptical

The Guardian - US

Trump’s 50% tariffs on foreign steel and aluminum come into effect

Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other way

The Guardian - US

EU 'strongly regrets' Trump's announcement to double steel and aluminium tariffs to 50%

During a rally at a steel plant the US president announced that he will double tariffs on steel imports. Afterwards, he announced the same for aluminium. The measure, which would hit Europe hard, is supposed to come into force on 4 June.

Euronews

Trump doubles foreign steel tariffs to 50%

IN FULL

The Independent UK

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Trump news at a glance: Surprise doubling of steel tariffs risks global market turmoil – again

The US president told steelworkers he was planning to double the tariffs to 50%. Key US politics stories from Friday 30 May at a glance

The Guardian - US

Trump hails Japan’s US Steel deal in Pittsburgh rally as he doubles steel tariffs to 50%

President vows ‘nobody is going to get around’ new 50 percent tariffs on foreign steel, but the details of Nippon’s U.S. Steel deal remain murky

The Independent UK

Trump says US will raise steel tariffs to 50 percent at Pennsylvania rally

In his campaign-style speech, Trump also hailed a ‘blockbuster agreement’ between Japan’s Nippon Steel and US Steel.

Al Jazeera

Trump announces 50% steel tariffs and hails ‘blockbuster’ deal with Japan

President tells Pennsylvania rally tariffs will aid workers but questions raised over nature of Nippon Steel investment

The Guardian - US

Trump says he is doubling tariffs on imported steel to 50% – as it happened

This liveblog is now closed.

The Guardian - US

After first agreeing with Biden, Trump announces US Steel-Nippon deal - Roll Call

President Trump announced a U.S. Steel-Nippon merger that would give the American government a controlling role in the new company.

Roll Call

Nippon Steel Will Finally Get To Buy U.S. Steel. The Deal Likely Ensures More Federal Meddling in the Future.

The federal government will reportedly get a "golden share" in U.S. Steel, potentially allowing it to overrule shareholders on some decisions.

Reason

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The Independent UK

US government to have control in Nippon Steel-U.S. Steel deal, Trump and McCormick say

U.S. Sen. David McCormick says an arrangement for Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of U.S. board members and U.S. government approval over certain corporate functions

International Business Times

Asian Markets Mixed As Trump Dials Down After EU Tariff Threat

Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation.

The Independent UK

Make Japan Great Again: Trump announces his approval of Nippon deal with US Steel

Details of the deal are still sketchy, but steelworkers union fears takeover by Japanese steel giant

The Guardian - US

Trump news at a glance: judge puts a stop to ban on Harvard’s foreign students – for now

Temporary reprieve comes after the leading university sued the Trump administration – key US politics stories from Friday 23 May at a glance

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International Business Times

Trump Greenlights Nippon Steel 'Partnership' With US Steel

US President Donald Trump on Friday threw his support behind a new "partnership" between US Steel and Japan's Nippon Steel, sending the American firm's share price skyrocketing on hopes of an end to the long-running saga over foreign ownership of a key national asset.

The Guardian - US

Trump warms to Nippon Steel, backing ‘partnership’ with US Steel

Biden had blocked Japanese acquisition, citing national security, with Trump previously agreeing he was ‘totally against’ it

Barchart

Stocks Settle Lower as President Trump Ramps Up Tariff Rhetoric

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.93%. June E-mini S&P futures (ESM25 ) are down -0.77%, and June E-mini Nasdaq futures...

Barchart

Billionaire Dan Loeb Is Betting Big on U.S. Steel Stock. Should You?

Billionaire Dan Loeb’s stake revives buzz around U.S. Steel. Should investors follow the money amid the revived Nippon merger talks, or wait it out?

The Guardian - UK

Trump’s tariffs: ‘It feels like Covid 2.0. So many things are getting disrupted’

Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices

Barchart

Stocks Fall Sharply as Tariff Concerns Weigh on Growth Prospects

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -3.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -2.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -4.19%. June E-mini S&P futures (ESM25 ) are down -3.51%, and June E-mini Nasdaq futures...

Barchart

Stocks Sink on Global Economic Angst

The S&P 500 Index ($SPX ) (SPY ) today is down -5.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -4.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -6.25%. June E-mini S&P futures (ESM25 ) are down -5.82%, and June E-mini Nasdaq futures...

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