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BIZARRE: 2 - What They Never Told You

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

‘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

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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

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

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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

Tariff Legal Battle Plays Out

Plus: Javier Milei puts state-run TV to good use, Texas' THC antagonism, rent control lunacy, and more...

Reason

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

This liveblog is now closed.

The Guardian - US

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

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

The Independent UK

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.

International Business Times

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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

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...

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International Business Times

US Steel Takeover by Nippon Back in Spotlight as Trump Demands Review

Trump orders a new review of Nippon Steel's $14.9 billion acquisition of U.S. Steel after Biden blocked the deal over national security concerns.

Euronews

President Trump orders review into Nippon Steel’s bid for US Steel

The two companies sued the US government in January after then president Joe Biden halted the Japanese purchase in the name of national security.

International Business Times

Nippon Steel Shares Soar As Trump Reviews US Steel Takeover

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden.

MarketBeat

U.S. Steel and Nippon Merger: Should Investors Bet on It?

US Steel still believes its merger with Nippon Steel of Japan can happen and investors are leaning that way based on the 60% rally off lows.

MarketBeat

U.S. Steel: Will Trump-Backed Nippon Investment Drive Upside?

President Trump's comments surrounding United States Steel have put the company back in the news. However, is there currently significant upside in this stock?

The Independent UK

The Latest: The Pentagon will deploy roughly 1,500 more troops to the southern border

The Pentagon will deploy roughly 1,500 more active duty soldiers to the southern border to support President Trump’s expanding crackdown on immigration, a U.S. official said Friday

Top News

Nippon Steel Considers Investment In US Steel, Not Purchase

President Trump discusses Nippon Steel's potential investment in US Steel and Biden's rejection of Nippon's acquisition bid.

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