Trump says Nippon-US Steel deal has resolvable national security risk

WASHINGTON (Reuters) -Nippon Steel’s $14.9 billion bid for U.S. Steel poses a national security risk, but those concerns can be mitigated if the companies fulfill certain conditions laid out by the Trump administration, U.S. President Donald Trump said in a executive order on Friday.

"I additionally find that the threatened impairment to the national security of the United States arising as a result of the Proposed Transaction (JO:NTUJ) can be adequately mitigated if the conditions set forth in section 3 of this order are met," Trump said in the order released by the White House.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.Should you invest $2,000 in X right now?

ProPicks AI are 6 model portfolios created by Investing.com which identify the best stocks for investors to buy now. The stocks that made the cut could produce monster returns in the coming years. Is X one of them?

Unlock ProPicks AI to find out