Trump says US Steel will get investment from Nippon Steel, instead of being bought by it

President Donald Trump is suggesting that Nippon Steel will no longer buy U.S. Steel as planned, but the Japanese company will instead invest in the symbolically important American business. The U.S. president mistakenly referred to Nippon Steel as “Nissan,” the Japanese automaker. But it’s Nippon Steel’s bid that generated controversy as both Trump and his predecessor in the White House, Joe Biden, vowed to block the merger. Trump said at a news conference Friday with Japanese Prime Minister Shigeru Ishiba that Nippon Steel “is going to be doing something very exciting about U.S. Steel."