US Stock Market Move | United States Steel Corporation (X.US) fell more than 10%. Trump said he does not want the company to be sold to Japan.

10/04/2025

GMT Eight

On Thursday, United States Steel Corporation (X.US) fell by more than 10%, marking the largest drop since February 7th and closing at $41.01. According to reports from multiple media outlets on April 8th, US President Trump issued a "rare" order to reexamine the acquisition of United States Steel Corporation by Japan's largest steel manufacturer, Nippon Steel Corporation, following a discussion on US tariffs with Japanese Prime Minister Shizo Abe. According to Reuters and Kyodo News Agency, Trump stated in a recent interview at the White House on April 9th that he does not want to give United States Steel Corporation to Japan, implying that he does not support the aforementioned acquisition.

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US Stock Market Move | United States Steel Corporation (X.US) fell more than 10%. Trump said he does not want the company to be sold to Japan.

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