Nippon Steel Navigates US Tariffs and Steel Deal Challenges

Nippon Steel Corp. has pledged not to import foreign steel to the U.S. as part of its efforts to acquire United States Steel Corp. The Japanese company aims to reassure U.S. Steel employees and the United Steelworkers union that it will not reduce production capacity if the acquisition proceeds. This comes amid opposition from the union and potential political hurdles following Donald Trump's presidential election victory, as he has expressed intentions to block the takeover.