ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump on Sunday said he doesn’t think a foreign company should control U.S. Steel, repeating comments made last week that dimmed hopes for a greenlight of a $14 billion bid by Japan’s Nippon Steel to buy the U.S. firm.
Trump said on Wednesday he did not want to see U.S. Steel “go to Japan,” sending its shares down 7%. The two companies later said they were working closely with the Trump administration to “secure a significant investment.”
Trump spoke with reporters aboard Air Force One as he returned to Washington from his estate in Florida.
(Reporting by Jeff Mason; Writing by Andrea Shalal; Editing by Tom Hogue)
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