TOKYO — Nippon Steel will make a "bold proposal" in its effort to invest in US Steel, Japan's top government spokesman said Monday, after US President Donald Trump hinted that he would consider letting take a minority stake in the American firm.
Former US president Joe Biden blocked the $14.9-billion deal shortly before he left office last month citing national security grounds, sparking a joint lawsuit from the firms — and condemnation from Japanese Prime Minister Shigeru Ishiba.
