Nippon Steel is optimistic about finalizing its acquisition of US Steel by the end of this year, despite significant political opposition from both current and incoming U.S. administrations. The Japanese steelmaker's Vice President, Takahiro Mori, stated that the deal hinges on proper procedural approvals from the Biden administration. Political hurdles persist, as President-elect Donald Trump has expressed his disapproval, advocating for tariffs and tax incentives instead. Nippon Steel aims to enhance its global production capacity to over 100 million tons annually through this acquisition, while pledging a $2.7 billion investment in US Steel’s facilities to support jobs and technological advancements.