Steel Deal Sparks Tariff Talks: U.S. and Nippon in Focus

U.S. President Donald Trump indicated a potential deal between U.S. Steel and Japan's Nippon Steel might play a role in the tariff negotiations with Japan. Although Trump acknowledged Nippon's efforts and expressed respect, he emphasized the importance of retaining U.S. Steel's operations domestically.

On Thursday, President Donald Trump announced that a possible deal between U.S. Steel and Nippon Steel could influence the ongoing tariff discussions with Japan. However, he expressed skepticism about the likelihood of such a deal being a decisive factor.

During a press briefing, Trump acknowledged Nippon Steel's efforts to negotiate, stating, "If Nippon wants to come in here, they're working on it very hard. I have great respect for Nippon."

Despite his acknowledgment, Trump stressed the critical importance of maintaining U.S. Steel within the country's borders, signaling a commitment to domestic industrial interests amidst international negotiations.

(With inputs from agencies.)