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The Trump effect

Nippon Steel looks west as Trump turns protectionist

Japan's top steelmaker to buy Indian peer and triple strategic investment

Nippon Steel & Sumitomo Metal President Kosei Shindo announces the company's midterm business plan in Tokyo on March 2. (Steelworks photo by Getty Images, photo of Shindo by Maho Obata)

TOKYO -- Nippon Steel & Sumitomo Metal is on a westward expansion path, perhaps a good direction considering the tide of tariffs and protectionism rising on the other side of the Pacific.

After being on the defensive for four years under President Kosei Shindo, Japan's top steelmaker has already made a high-profile overseas acquisition bid ahead of setting out on a new three-year management plan.

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