"We will not give up on the deal... There is no global strategy without the U.S.," Nippon Steel Vice Chairman Takahiro Mori told Reuters this week, after returning from his eighth visit to the United States since the deal was announced a year ago.

Almost a year after Nippon Steel announced its takeover plan, hefty political hurdles remain. President-elect Donald Trump this week repeated his opposition to the sale of U.S. Steel, saying he’d instead use tariffs and tax incentives to revitalize the American steelmaker.

With lacking growth and the deal off the table, investors should expect U.S. Steel to trade back to the mid-$20 range or lower.

U.S. Steel Corp. shares were felling 7% in premarket trading Tuesday after President-elect Donald Trump pledged to block Nippon Steel’s plans to acquire the 123-year-old Pittsburgh-headquartered company.

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-elect Donald Trump vowed on Monday to block Nippon Steel's purchase of U.S. Steel, saying on social media he would make the once iconic company "strong and great again."

President-elect Donald Trump said he would block the proposed acquisition of U.S. Steel by the Japanese Company Nippon Steel. President Biden is yet to decide on the sale that has faced bipartisan pushback since the $15 billion deal was announced.

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 strengt

The announcement reiterated sentiments the president-elect expressed on the campaign trail, and further imperiled a deal that had already run into widespread political opposition.