President Donald Trump has sparked a significant decline in US Steel Corp. shares, with the company’s stock plummeting as much as 16% in post-market trading. Trump stated that he does not want to see the steelmaker owned by a Japanese company, citing the producer’s rising steel orders as evidence of its current financial stability. The president also expressed his disapproval of US Steel being bought by any other foreign entity.
Source: https://www.bloomberg.com/news/articles/2025-04-09/us-steel-tumbles-16-after-trump-says-doesn-t-want-japan-owner