TOKYO — U.S. President Donald Trump on Friday cancelled the decision by former President Joe Biden to block Nippon Steel’s acquisition of U.S. Steel, paving the way for the Japanese company to finalize its takeover of its American counterpart.
Alongside Trump’s decision, the two companies also signed a National Security Agreement (NSA) with the U.S. government, which includes handing Washington a “golden share” in U.S. Steel.
