Trump Blocks Steel Purchase
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Nippon SteelCNBC
•US Politics
US Politics
Trump repeats vow to 'block' Nippon Steel's bid for U.S. Steel

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U.S. President-elect Donald Trump has pledged to block Japanese company Nippon Steel's planned purchase.
"As President, I will block this deal from happening," he said in a post to his social media platform Truth Social .
The deal encountered opposition from United Steelworkers , a prominent labor union, as well as President Joe Biden .