Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs

HARRISBURG, Pa. — President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. !” President Joe Biden, like Trump, also opposes Nippon Steel’s purchase of Pittsburgh-based U.S. Steel. In a statement Tuesday, the union said the deal carries “serious long-term implications for U.S. economic and national security.” “It’s clear that President Trump understands the vital role a strong domestic steel industry plays in our national security, as well as the importance of the jobs and communities the industry supports,” the union said. U.S. Steel “provided a very, very good life for our families for a lot of years,” said Jack Maskil, a vice president at the Steelworkers local branch in West Mifflin, Pennsylvania. William Chou, a deputy director at the Hudson Institute specializing in relations with Japan, said that “President-elect Trump’s view on the deal are important.” But given the upcoming deadline, “It’s up to President Biden to recognize how this deal will advance the interests of future generations of U.S. Steel union steelworkers.” Trump’s statement came two weeks after Nippon Steel’s vice chairman, Takahiro Mori, visited Pittsburgh and Washington to meet with lawmakers, local officials and workers in an ongoing persuasion campaign.