Nippon Steel President Says Negotiations With US Government Over Its Planned Acquisition Of U.S. Steel Are Continuing
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Nippon Steel Corp is in ongoing negotiations with the US government regarding its planned acquisition of U.S. Steel. The president of Nippon Steel expressed optimism about mutual understanding that the deal could strengthen the US steel industry. Additionally, concerns were raised by the Japan Steel Federation chairman about US tariffs on steel and automobiles potentially impacting Japan's steel production, and the need for the Japanese government to take trade actions to address these issues.
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