U.S. President Donald Trump ordered a second national security review for Nippon Steel’s purchase of U.S. Steel — a rare move that could get the derailed merger back on track.
In a memo to Treasury Secretary Scott Bessent on Monday, Trump directed the Committee on Foreign Investment in the United States (CFIUS) to review the transaction and assist him in determining whether any “further action” is warranted.
The acquisition was previously reviewed by CFIUS, which did not reach a consensus as to whether the transaction would threaten national security. Former U.S. President Joe Biden then blocked the deal in early January, and Nippon Steel became the first Japanese company to be stopped from buying U.S. assets by a president after a CFIUS review.
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