Former President Donald Trump and Pennsylvania Governor Josh Shapiro have intensified their opposition to Nippon Steel's proposed $14.1 billion takeover of United States Steel Corp. During a rally in York, Pennsylvania, Trump declared, "I will stop Japan from buying United States Steel," emphasizing the deal's potential negative impact on American workers.

Shapiro echoed these concerns at the Democratic National Convention, stressing that the acquisition is not in the best interest of U.S. Steel employees or local communities. Following their remarks, U.S. Steel shares dropped nearly 10%, reflecting growing uncertainty around the deal, which is currently under federal review.