Trump says Japan's Japanese Steel will now invest in U.S. Steel – Not to take over it: NPR
President Trump spoke at a joint press conference with Japanese Prime Minister Shigeru Ishiba after meeting on Friday in the East Room of the White House on Friday.
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President Trump released the latest news on U.S.-Japan relations at the White House press conference with Japanese Prime Minister Shigeru Ishiba on Friday, announcing Nippon Steel will “invest heavily” in U.S. Steel Invest in, not acquire this legendary American manufacturer.
The move was a shift from the initial publicity of Nippon Steel, which was acquired for $14.9 billion, a move that former President Joe Biden rejected while still in office. Trump also opposed the proposal of Japanese companies during his re-election.
“For us, American Steel is a very important company,” Trump said. “We don't want to see that leave – we don't actually leave – but psychologically, the concept is not good. So they agree Make a lot of investment in U.S. steel, rather than owning it.”
Trump has mentioned Nissan three times and said he will meet with the company's leaders to make details of the agreement.
President Trump raised questions from the media on Friday with Japanese Prime Minister Shigeru Ishiba.
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Ishiba says Japan's spending on U.S. steel will be part of a US $1 trillion investment in the U.S.
Press conference after Trump met with Islama in the Oval Office. Since he returned to office, the Japanese Prime Minister is just the second international leader to meet with Trump. Trump sat down with Israeli leader Benjamin Netanyahu on Tuesday.
Trump says Duger will review “almost everything”
The reporter also asked about President Elon Musk’s ongoing efforts to lead the government’s federal cost-cutting initiative, government efficiency ministry or threshold.
Trump said Duger would go through “almost everything” but picked out comments about the Education Department and the Pentagon.
“I instructed (Musk) to check the education, check the Pentagon, it’s the military, sadly, you’ll find something really bad, but I won’t think about the things you’re going to see just now. .”
Musk has taken steps Reshape Several government departments and institutions. It is worth noting that Doge has Take steps to close The United States Agency for International Development (USAID) and visited the Treasury’s payment system.
When reporters asked if Musk had no access to the administration area, Trump said they “didn't discuss much.”
Trump suggests that some areas of the administration may be restricted. “Maybe there is something like wisdom, I'll do it myself if I need it, but overall, I'm just saying go.”