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WASHINGTON, Dec 23, 2023 (AFP) – A proposed deal that would see US Steel Corp bought by Japan’s Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. Unveiling the planned transaction this week, the two companies depicted the deal as a marriage of the holders of top technologies that would boost steel output and accelerate efforts toward decarbonization. But US Steel’s possible sale […]
TOKYO, Dec 18, 2023 (AFP) – Japan’s Nippon Steel has agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday, months after the steelmaker rejected an offer from its main US rival. The leading Japanese steelmaker will acquire US Steel in an all-cash deal at $55 per share, a 40 percent premium above its closing price on December 15, representing an equity value of about $14.1 billion, the companies said in […]
WASHINGTON, United States (AFP) — The United States on Tuesday announced an agreement with Britain to end tariffs on steel and aluminum imports imposed by former president Donald Trump in 2018 on national security grounds. “By allowing for a flow of duty-free steel and aluminum from the UK, we further ease the gap between supply and demand for these products in the United States,” Commerce Secretary Gina Raimondo said in a statement. “And by removing […]
by Simon Morgan with Delphine Touitou Agence France Presse The world’s largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington’s stinging steel and aluminium tariffs that came into effect on Friday. Washington angered its major allies by slapping duties of 25 percent and 10 percent on imports of aluminium and steel. The measures had actually been decided back in March, but […]
by Delphine TOUITOU / Douglas Gillison / with Heather Scott in Washington © Agence France-Presse WHISTLER, Canada (AFP) — The world’s largest economies stood at the precipice of all-out trade war as major US allies announced retaliation against stinging steel and aluminum tariffs that took effect on Friday. President Donald Trump’s decision Thursday not to extend exemptions for Canada and the European Union — the largest sources of foreign aluminum and steel respectively for […]
by Michel Comte © Agence France-Presse OTTAWA, Canada (AFP) — Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8 billion) in American imports. Prime Minister Justin Trudeau told a news conference the US tariffs were “totally unacceptable.” “These tariffs are an affront to the long standing security partnership between Canada and the United States, and in particular, an affront to the […]
