Trump vows to block U.S. Steel buyout by Japan’s Nippon, use tariffs to help save it

President-elect Trump has vowed to block the acquisition of U.S. Steel by Japan's Nippon Steel and to save the “once great and powerful” American company through a combination of tax incentives and tariffs. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote in a social media post . about the bid, under review by the Committee on Foreign Investment in the United States...