Trump calls for new review of U.S. Steel-Nippon Steel deal

CFIUS given 45 days to make recommendations on blocked acquisition

20250407N Nippon Steel

Nippon Steel's acquisition of U.S. Steel was blocked by the Biden administration in January on national security grounds. (Photo by Yuta Suzuki)

PAK YIU

NEW YORK -- U.S. President Donald Trump on Monday told the country's powerful foreign-investment screener to review Nippon Steel's bid for U.S. Steel after his predecessor had blocked the acquisition weeks before leaving office.

The review will be conducted afresh -- an unprecedented step -- and the committee will submit recommendations within 45 days on whether measures proposed by the companies are sufficient to mitigate national security concerns.

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