Steel

The wine, distilled spirits, and general alcohol sector is bracing for a bitter tariff dispute between the US and European Union (EU).  The EU recently announced new 50% tariffs on whiskey exports from the US in response to President Donald Trump’s recent tariffs on EU aluminum and steel exports. President Trump imposed 25% tariffs on […]

President-elect Donald Trump has vowed to block the sale of US Steel to Japanese steel manufacturer Nippon Steel Corporation (NSC). NSC and US Steel closed the sale of the latter to the former on December 2023.  According to US Steel, NSC will pay $55.00 per share, representing an equity value of approximately $14.1 billion plus […]

US Senator Marco Rubio (R-Fl) has written a letter to President Joe Biden’s U.S. Treasury Secretary Janet Yellen urging her to prevent US Steel Corporation (US Steel) from being acquired.  Earlier this week, US Steel announced Nippon Steel Corporation (NSC), a global steel manufacturer and Japan’s largest steelmaker, would be acquiring the company.  According to […]