Japanese Prime Minister Shigeru Ishiba said that Nippon Steel Corp. will be investing in United States Steel Corp., which will remain an American company.

President Donald Trump is suggesting that Nippon Steel will no longer buy U.S. Steel as planned, but the Japanese company will instead invest in the symbolically important American business.

The acquisition deal between U.S. Steel (X) and Japan’s Nippon Steel (JP:5401) has taken another twist recently. Nippon Steel is now proposing

Nippon Steel Corp. slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the company’s plan to acquire United States Steel Corp.

Nippon Steel will make a "bold proposal" in its effort to invest in US Steel, Japan's top government spokesperson said on Monday.

Nippon Steel revising U.S. Steel bid after Trump's intervention. Companies remain silent as activist shareholder Ancora urges deal termination.

Nippon Steel declined to comment on Monday after former U.S. President Donald Trump stated that no entity could hold a majority stake in U.S. Steel. Trump made the remark on Sunday while speaking to reporters aboard