A planned 50% tariff on copper has left commodities markets roiling and analysts toiling with the idea consumers paying for higher prices.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.
The so-called “golden share” in US Steel would grant the US federal government a de facto veto over key decisions.
Shares of US steel and aluminum companies rose Monday, bolstered by a fresh round of tariff threats from the Trump administration.
The Committee on Foreign Investment is divided on if the deal presents a security risk. The split gives Biden more grounds to block the deal.
Steel giant Cleveland-Cliffs announced Monday that it will buy Canada’s Stelco Holdings for C$3.85 billion ($2.8 billion).
Once the world’s largest corporation, US Steel agreed to sell itself to Japan’s Nippon Steel for just over $14 billion in a deal.