Trump calls for new review of U.S. Steel-Nippon Steel deal

Trump calls for new review of U.S. Steel-Nippon Steel deal Trump calls for new review of U.S. Steel-Nippon Steel deal

NEW YORK — U.S. President Donald Trump on Monday told the country’s powerful foreign-investment screener to review Nippon Steel’s bid for U.S. Steel after his predecessor had blocked the acquisition weeks before leaving office.

The review will be conducted afresh — an unusual step — and the committee will submit recommendations within 45 days on whether measures proposed by the companies are sufficient to mitigate national security concerns.