President Meets With Japanese Prime Minister Shigeru Ishiba
President Donald Trump speaks with Japanese Prime Minister Shigeru Ishiba in the Oval Office on Feb. 7. (Alex Brandon/AP)
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U.S. President Donald Trump indicated Nippon Steel Corp. is considering investing in United States Steel Corp. instead of an outright purchase, offering a potential resolution to a clash over the Japanese firm’s contentious bid to buy the iconic American company.
Trump actually referenced automaker Nissan Motor Co. Ltd. repeatedly as the interested party in his Feb. 7 comments, though a person familiar with the president’s thinking confirmed he was referring to Nippon Steel.
“Nissan is going to be doing something very exciting about U.S. Steel, will be looking at an investment rather than a purchase,” Trump said at a joint press conference with Japanese Prime Minister Shigeru Ishiba. “They’ve agreed to invest heavily in U.S. Steel as oppos…
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