Trump intends to block the sale of steel company U.S. Steel

U .S. President-elect Donald Trump said on December 2 that as head of the U.S. administration he intends to block the deal on the sale of steelmaker U.S. Steel to Japan's Nippon Steel, and also promised to return this enterprise lost positions.

"I am strongly opposed to the once great and powerful U.S. Steel being bought by a foreign company, in this case Japan's Nippon Steel. Through a series of tax breaks and duties, we will make U.S. Steel strong and great again, and it will happen quickly. As president, I will oppose this deal. Buyer beware!" - Trump wrote on the social media network Truth Social.

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Japan's Nippon Steel announced its intention to acquire U.S. Steel last December and planned to complete the deal in the second or third quarter of 2024. Nippon Steel's owners also expressed their willingness to pay the U.S. company's debts of approximately $742 million, as well as retain the brand and production facilities in the U.S..

However, Trump emphasized back in early October this year that he would not allow Japan's Nippon Steel Corporation to buy the U.S. company U.S. Steel.

In addition, on November 30, Trump said that Washington would impose a 100% duty on goods from BRICS countries if they created their own currency. He demanded that they stop trying to replace the dollar or "say goodbye to sales" in the United States.

In turn, Kremlin spokesman Dmitry Peskov noted on December 2 that the US dollar is losing its attractiveness for many countries, and Washington will not be able to prevent this process with pressure. In addition, he noted that more and more countries are beginning to switch to the use of national currencies in foreign economic activity, and not all of them are members of BRICS.

At the same time, National Australia Bank financier Rodrigo Catril pointed out that if Trump increases pressure on the BRICS, it may accelerate the process of the countries' departure from the use of the dollar. According to Brad Setser, a former U.S. Treasury official and current senior fellow at the Council on Foreign Relations, such actions by Trump only "undermine confidence in the dollar."