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The steel rolls are seen before the American president speaks during a rally in US Steel – Irvin worked in the suburbs of Pittsburgh in West Mifflin, Pennsylvania, on May 30, 2025.
Saul Loeb | AFP | Getty images
US Steel’s shares stopped negotiating on the New York Stock Exchange on Wednesday after Japan Nippon Steel completed its acquisition of the emblematic American industrial name.
President Donald Trump insisted for weeks that companies would form a “partnership” in which US Steel would remain in detriment American.
But the New York Stock Exchange informed the Securities and Exchange Commission on Wednesday that US Steel’s shares would be withdrawn from registration, after the company has become a subsidiary in exclusive property in Nippon Steel North America.
US Steel’s actions stopped negotiating at 8:30 a.m. on Wednesday after Nippon completed its acquisition, according to a NYSE opinion.
Trump opposed the Japanese offer to acquire US Steel in the breakdown of the 2024 presidential election, but he changed his mind after his entry into office. Trump ordered a new examination of the agreement in April after former president Joe Biden blocked the acquisition of Japanese in January, citing national security problems.
Trump announced a “partnership” between us and Japanese in an article of May 23 on his social media platform Truth Social, provoking confusion between investors and the members of the union to find out if the structure of the initial agreement had changed in one way or another.
Us Steel and Nippon began to adopt the language of the president’s “partnership”, although they have never fallen back from the terms of the initial merger agreement of December 2023 in their deposits with the SEC.
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