CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says

A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024.

Justin Merriman | Bloomberg | Getty Images

CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover application, a person familiar with the matter said on Tuesday.

CFIUS needs more time to understand the impact of national security and engage with the parties, the person added.

Source

World

The U.S. and China are set for icebreaker trade talks. Here’s what to expect

May 9, 2025

Delegation officials arriving for the second bilateral meeting between U.S. Treasury Secretary Janet Yellen and China’s Vice Premier He Lifeng at the Guangdong Zhudao Guest House in the southern Chinese city of Guangzhou on April 6, 2024. Pedro Pardo | Afp | Getty Images The stakes are high for the U.S. and China’s icebreaker trade […]

World

Trump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks

May 9, 2025

US President Donald Trump, alongside Treasury Secretary Scott Bessent (R), speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Cabinet Room of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty Images President Donald Trump said in a social media post Friday […]

World

Pandora to Puma: Retailers warn tariffs will push up prices

May 9, 2025

A Puma sportswear store in central London on May 1, 2025. Bloomberg | Getty Images Household brands including Pandora, Puma and Hugo Boss all said this week that they are evaluating their pricing strategies in the U.S. and beyond in the event that President Donald Trump’s most punitive levies come into effect. Some others, meanwhile, […]