November 26, 2024

Trump’s Treasury and Commerce nominations + Nippon Steel’s bid for U.S. Steel

By: Emily Kilcrease and Geoffrey Gertz

Emily and Geoff react to the nominations of Scott Bessent for U.S. Treasury Secretary and Howard Lutnick for U.S. Commerce Secretary and overall point man for trade and tariffs. Then Evan Robinson-Johnson, business reporter from the Pittsburgh Post Gazette, joins to talk about the national security review of Nippon Steel’s bid to buy U.S. Steel - which both President Biden and President-elect Trump have vowed to block. Complicated labor union dynamics, the companies’ threat to sue, and election-year politics have kept this deal in purgatory, but an impending government deadline could force action in the coming weeks.

“Editorial: Time for post-election sanity: Approve Nippon-U.S. Steel deal” by the Pittsburgh Post Gazette editorial board
“Japanese steelmaker Nippon says it will not accept presidential block of U.S. Steel deal” by Evan Robinson-Johnson, Pittsburgh Post Gazette

“Arbitration board signals support for U.S. Steel’s sale to Nippon in a blow to United Steelworkers union” by Evan Robinson-Johnson, Pittsburgh Post Gazette

"US Steel Review Targeted by Republicans for Potential Probe" by Josh Wingrove, Bloomberg

“Under Pressure, Dubai Company Drops Ports Deal” by David E. Sanger, The New York Times

Ralls V. CFIUS decision by U.S. Court of Appeals, District of Columbia Circuit

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