Civicslog

Tracking presidential actions and other news.

Trump OKs Nippon Steel, US Steel Tie-Up, Maybe

The president posted on his social network that he had OK'd Nippon Steel's purchase/merger/partnership with U.S. Steel. Trump wrote that the deal would bring $14 billion to the economy and 70,000 jobs. The NY Times notes that U.S. Steel presently employs 22,000 people. President Biden had blocked an earlier effort by Nippon Steel to buy the steelmaker.