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The Latest Breaking News from US Steel

EU 'strongly regrets' Trump's announcement to double steel and aluminium tariffs to 50%

During a rally at a steel plant the US president announced that he will double tariffs on steel imports. Afterwards, he announced the same for aluminium. The measure, which would hit Europe hard, is supposed to come into force on 4 June.

Euronews

Trump doubles foreign steel tariffs to 50%

IN FULL

The Independent UK

Trump news at a glance: Surprise doubling of steel tariffs risks global market turmoil – again

The US president told steelworkers he was planning to double the tariffs to 50%. Key US politics stories from Friday 30 May at a glance

The Guardian - US

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Trump hails Japan’s US Steel deal in Pittsburgh rally as he doubles steel tariffs to 50%

President vows ‘nobody is going to get around’ new 50 percent tariffs on foreign steel, but the details of Nippon’s U.S. Steel deal remain murky

The Independent UK

Trump says US will raise steel tariffs to 50 percent at Pennsylvania rally

In his campaign-style speech, Trump also hailed a ‘blockbuster agreement’ between Japan’s Nippon Steel and US Steel.

Al Jazeera

Trump announces 50% steel tariffs and hails ‘blockbuster’ deal with Japan

President tells Pennsylvania rally tariffs will aid workers but questions raised over nature of Nippon Steel investment

The Guardian - US

Trump says he is doubling tariffs on imported steel to 50% – as it happened

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The Guardian - US

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After first agreeing with Biden, Trump announces US Steel-Nippon deal - Roll Call

President Trump announced a U.S. Steel-Nippon merger that would give the American government a controlling role in the new company.

Roll Call

Nippon Steel Will Finally Get To Buy U.S. Steel. The Deal Likely Ensures More Federal Meddling in the Future.

The federal government will reportedly get a "golden share" in U.S. Steel, potentially allowing it to overrule shareholders on some decisions.

Reason

US government to have control in Nippon Steel-U.S. Steel deal, Trump and McCormick say

U.S. Sen. David McCormick says an arrangement for Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of U.S. board members and U.S. government approval over certain corporate functions

The Independent UK

Asian Markets Mixed As Trump Dials Down After EU Tariff Threat

Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation.

International Business Times

Make Japan Great Again: Trump announces his approval of Nippon deal with US Steel

Details of the deal are still sketchy, but steelworkers union fears takeover by Japanese steel giant

The Independent UK

Trump news at a glance: judge puts a stop to ban on Harvard’s foreign students – for now

Temporary reprieve comes after the leading university sued the Trump administration – key US politics stories from Friday 23 May at a glance

The Guardian - US

Trump Greenlights Nippon Steel 'Partnership' With US Steel

US President Donald Trump on Friday threw his support behind a new "partnership" between US Steel and Japan's Nippon Steel, sending the American firm's share price skyrocketing on hopes of an end to the long-running saga over foreign ownership of a key national asset.

International Business Times

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The Guardian - US

Trump warms to Nippon Steel, backing ‘partnership’ with US Steel

Biden had blocked Japanese acquisition, citing national security, with Trump previously agreeing he was ‘totally against’ it

Barchart

Stocks Settle Lower as President Trump Ramps Up Tariff Rhetoric

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.93%. June E-mini S&P futures (ESM25 ) are down -0.77%, and June E-mini Nasdaq futures...

Barchart

Billionaire Dan Loeb Is Betting Big on U.S. Steel Stock. Should You?

Billionaire Dan Loeb’s stake revives buzz around U.S. Steel. Should investors follow the money amid the revived Nippon merger talks, or wait it out?

The Guardian - UK

Trump’s tariffs: ‘It feels like Covid 2.0. So many things are getting disrupted’

Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices

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Barchart

Stocks Fall Sharply as Tariff Concerns Weigh on Growth Prospects

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -3.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -2.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -4.19%. June E-mini S&P futures (ESM25 ) are down -3.51%, and June E-mini Nasdaq futures...

Barchart

Stocks Sink on Global Economic Angst

The S&P 500 Index ($SPX ) (SPY ) today is down -5.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -4.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -6.25%. June E-mini S&P futures (ESM25 ) are down -5.82%, and June E-mini Nasdaq futures...

Barchart

Stocks Retreat on Continued Global Economic Uncertainty

The S&P 500 Index ($SPX ) (SPY ) today is down -2.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.75%. June E-mini S&P futures (ESM25 ) are down -2.24%, and June E-mini Nasdaq futures...

International Business Times UK

5 Winning US Stocks To Invest In Despite the Market Crash and Global Recession Fears

These five US stocks are defying market trends on new deals, technological breakthroughs, improved sectoral outlook, and strong fundamentals.

International Business Times

US Steel Takeover by Nippon Back in Spotlight as Trump Demands Review

Trump orders a new review of Nippon Steel's $14.9 billion acquisition of U.S. Steel after Biden blocked the deal over national security concerns.

Euronews

President Trump orders review into Nippon Steel’s bid for US Steel

The two companies sued the US government in January after then president Joe Biden halted the Japanese purchase in the name of national security.

International Business Times

Nippon Steel Shares Soar As Trump Reviews US Steel Takeover

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden.

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