TOKYO -- As U.S. President Donald Trump hails the partnership between Nippon Steel and U.S. Steel, the Japanese steelmaker is scrambling to clear two key hurdles ahead of the June 18 deadline for the purchase.
US president must revoke Biden's order for the purchase to move forward

U.S. President Donald Trump stopped short of clarifying whether he planned to approve Nippon Steel's takeover of U.S. Steel at a rally on Friday. © Reuters
TOKYO -- As U.S. President Donald Trump hails the partnership between Nippon Steel and U.S. Steel, the Japanese steelmaker is scrambling to clear two key hurdles ahead of the June 18 deadline for the purchase.