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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s US Steel Job Claims Clash with Reality as Nippon Deal Faces Uncertainty

Trump’s US Steel Job Claims Clash with Reality as Nippon Deal Faces Uncertainty

Author:
Global Cryptocurrency
Published:
2025-05-26 00:27:01
13
2

Former President Donald Trump’s unsubstantiated claim that Nippon Steel’s $14.1 billion acquisition of US Steel would create five times more jobs than the company’s current US workforce has injected chaos into the finalized deal. The assertion, made without evidence or WHITE House follow-up, triggered market confusion as shares fluctuated wildly.

Bloomberg reports the 17-month negotiation process appeared concluded until Trump’s social media declaration that US Steel WOULD "remain American" — a statement lacking operational details or regulatory approval. Analysts note the discrepancy between Trump’s job creation figures and US Steel’s actual employee count raises credibility questions during a sensitive transaction period.

|Square

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