Nippon Steel CEO Slams Tariffs, Defends $15 Billion US Steel Merger Amid...

Published on 8 Jan 2025 on Benzinga

Nippon Steel CEO Slams Tariffs, Defends $15 Billion US Steel Merger Amid...

Eiji Hashimoto, CEO of Nippon Steel NISTF NPSCY, has criticized tariffs as insufficient for strengthening the U.S. steel industry.

What Happened: Hashimoto is pursuing legal action to prompt a review of his proposed $15 billion acquisition of U.S. Steel X by the incoming Trump administration. This comes after President Joe Biden blocked the takeover last week, citing national security concerns, Financial Times reported on Wednesday.

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