Trump orders new review of proposed US Steel acquisition

President Trump ordered on Monday a new review of a proposed U.S. Steel acquisition by Japanese corporation Nippon Steel.

In a memo to multiple government figures including department heads, the president told the Committee on Foreign Investment in the United States (CFIUS) to conduct a review of the acquisition of U.S. Steel for help “in determining whether further action in this matter may be appropriate.”

Earlier this year, former President Biden announced he was going to...