TOKYO -- U.S. President Donald Trump on Friday cancelled the decision by former President Joe Biden to block Nippon Steel's acquisition of U.S. Steel, paving the way for the Japanese company to finalize its takeover of its American counterpart.
Business deals
Nippon Steel set to complete $14bn acquisition of US Steel next week
Deal set to proceed after President Trump clears the way
A U.S. Steel plant in Pennsylvania. The company says it has reached an agreement with the government and Nippon Steel for a parternership with its Japanese peer. © Kyodo
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