Nippon Steel is looking to revive its plan to purchase iconic American steelmaker US Steel, despite President Donald Trump’s statements earlier this month that it is only interested in an “investment” and his pledge not to allow it to buy a controlling stake.

Nippon Steel's president reaffirms commitment to U.S. Steel acquisition, seeking Trump's approval despite his preference for investment only.

Nippon Steel Corp. reiterated its objective for the $14.1 billion takeover of United States Steel Corp. after President Donald Trump said the Japanese company was considering an investment instead.

Nippon Steel's top executive said Tuesday the Japanese company will stick with its proposed $14.1 billion takeover of U.S. Steel, despite President Donald Trump backing an investment and the possibility of tariffs.

US House Republicans set for vote on Trump's tax-cut agenda The Republican-controlled U.S. House of Representatives will try to take its first step on Tuesday toward enacting President Donald Trump's tax-cut and border agenda,

U.S. Steel workers rally outside Pittsburgh headquarters in support of the takeover by Japan's Nippon Steel in September. Photo: Rebecca Droke/AFP via

Nippon Steel plans to meet with federal officials to work out a solution to the U.S. Steel takeover, and will use the existing merger agreement as a starting point in negotiations. The Japanese steelmaker’s chief operating officer,