TOKYO -- U.S. President Donald Trump has reversed former President Biden's decision to block Nippon Steel's acquisition of U.S. Steel, marking a major milestone in protracted efforts to seal the $14.9 billion deal.
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Criticism of Nippon Steel's proposed acquisition of U.S. Steel intensified during the 2024 U.S. presidential election. The conclusion of a second CFIUS review of the deal marks another major chapter in the contentious saga. (Nikkei montage/Source photos by Getty Images, AP and Yuki Nakao)
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