Nippon Steel is looking to revive its plan to purchase iconic American steelmaker US Steel, despite President Donald Trump’s statements earlier this month that it is only interested in an “investment” and his pledge not to allow it to buy a controlling stake.

Nippon Steel's president reaffirms commitment to U.S. Steel acquisition, seeking Trump's approval despite his preference for investment only.

🏗️ Nippon Steel is looking to rekindle a proposed $14.9 billion merger with U.S. Steel. Company president Tadashi Imai said yesterday he hopes to use the proposal as a starting point in new negotiations, countering claims made earlier this month by President Trump.

Nippon Steel's top executive said Tuesday the Japanese company will stick with its proposed $14.1 billion takeover of U.S. Steel, despite President Donald Trump backing an investment and the possibility of tariffs.

While Trump has said Nippon Steel will not have a majority stake in U.S. Steel, Imai reiterated his company's intention to take over the iconic but struggling American counterpart.

Union alleges the company "initiated a coordinated attack, attempting to ... undercut our collective power by turning us against each other.”