US President Donald Trump has extended his support to Nippon Steel’s $14.9 billion bid to acquire US Steel, terming it a ”planned partnership” that could push $14 billion into the American economy and create at least 70,000 jobs. Trump’s announcement of the deal on Truth Social sent US Steel shares rising by 21%, and after-hours trading pushed the stock near the $55 per share offer price. Trump also declared to conduct a rally at US Steel’s Pittsburgh facility on Friday.
