From a crowded mill in West Mifflin, Pa., on Friday, President Donald Trump said a $14 billion merger will shore up the American steel market and bolster national security.
He made the comments at a rally to celebrate the deal between U.S. Steel and Japanese-owned Nippon Steel, nearly 18 months after the foreign competitor first proposed the idea.
The development is an about-face for both the president and the former Biden administration, who both worried that unfair Chinese trade practices had made the domestic steel market unstable.
