Trump’s Nippon Steel Bid Support Boosts Japan’s Trade Talk Hopes

President Donald Trump’s pivot to champion Nippon Steel Corp.’s bid to buy US Steel Corp. raises the prospect of fresh positive momentum for Japan’s sluggish negotiations with the US over tariff relief.

While the contours of the proposed steel deal remain vague, Trump is set to hold a rally in Pittsburgh Friday to tout the deal as a victory for his tariff strategy and American workers. As part of the expected deal, the US government would hold de facto veto rights on some company decisions through a so-called golden share.