Trump pledges to block US Steel sale, sending shares tumbling
Portfolio Pulse from
President-elect Donald Trump has pledged to block the sale of US Steel to Japan's Nippon Steel, causing US Steel shares to tumble. This announcement was made via a Truth Social post.
December 03, 2024 | 12:00 pm
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US Steel shares fell after President-elect Donald Trump announced his intention to block the company's sale to Japan's Nippon Steel. This move aligns with his campaign promises and has created uncertainty around the deal.
Trump's announcement to block the sale of US Steel to Nippon Steel directly impacts US Steel's stock price by creating uncertainty around the deal. This aligns with his campaign promises, leading to a negative market reaction.
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IMPORTANCE 80
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