A U.S. national security panel (CFIUS) has submitted its recommendation to Trump on Nippon Steel’s $14.9 billion bid for U.S. Steel, though the content remains undisclosed.

Reuters with the info.

  • Trump’s April executive order required CFIUS to assess whether proposed company measures address previously identified national security risks.

  • Trump now has 15 days to make a final decision on the deal, though the deadline may be extended.

  • The Treasury Department (which leads CFIUS) and the companies involved have not yet commented.

  • Biden previously blocked the deal in January, citing national security concerns; the companies have since sued, claiming the review process was unfair—an assertion the Biden administration denies.

  • In a bid to address concerns, Nippon Steel has proposed a $14 billion U.S. investment, including $4 billion for a new steel mill, if the deal is approved.

  • The executive order also mandates that each CFIUS member agency submit a formal statement explaining its position and rationale.

Nippon Steel
Source: Forex Live