Trump reiterates objection to Nippon Steel's proposed US Steel takeover

Trump reiterates objection to Nippon Steel's proposed US Steel takeover

FILE PHOTO: A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024. REUTERS/Rebecca Cook/File Photo

US President-elect Donald Trump said on Monday a series of tax incentives and tariffs will revive storied American firm US Steel, as he reiterated his opposition to Nippon Steel’s planned $15 billion purchase of the company.