Japan's Nippon Steel remains committed to acquiring a full stake in U.S. Steel , a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump's stance on the deal.

Japan’s Nippon Steel has pitched a new American plant and billions of additional investments to clinch support for a deal.

President Donald Trump on Friday threatened a 50% tariff on goods from the European Union, citing a lack of progress in current trade negotiations.

A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel 's bid for U.S. Steel but most panel members believe any security risks posed by the deal can be addressed,