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24.05.2025

Day Trump Reverses Nippon Steel Decision

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This page is an archive of main headlines from Japan for 24.05.2025.

It displays 34 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

24.05.2025 โ‡ข Day Trump Reverses Nippon Steel Decision
โŒจTrump's reversal on the Nippon Steel-US Steel acquisition dominated Japanese media throughout the day. Early morning reports confirmed Trump's approval of the previously contentious $14 billion deal, now carefully framed as a "partnership." Nippon Steel expressed "respect for Trump's wise decision," signaling diplomatic deference to the incoming administration.

The development comes as Japan-US tariff negotiations reach a "critical stage," with G7 agreements potentially in sight. These trade discussions represent a continued response to Trump's economic policies that have troubled Japanese manufacturers.

Meanwhile, domestic issues persisted. The government announced plans to allocate 390 billion yen from reserve funds to subsidize electricity and gas costs amid inflation concerns. Former minister Moriyama defended agricultural policy, stating "cheap rice isn't everything," as the administration continued managing fallout from the rice price crisis that precipitated former Agriculture Minister Eto's dismissal and contributed to cabinet support falling to 20.9%.
24.05.2025
01:57
04:47
05:04

05:06 (20:06)โ‡ขTrump Approves Nippon Steel-US Steel Merger

โŒจThe newspapers report on a significant development in Japanese-American business relations with Trump's approval of Nippon Steel's acquisition of US Steel, forming a "partnership" between the two steelmakers (Nikkei Shimbun, Nikkei Asia). This comes amid ongoing discussions between Prime Minister Ishiba and President Trump, with Ishiba characterizing their upcoming June meeting as a "milestone" for potential tariff agreements (Kyodo News, Japan Times). Meanwhile, Germany has stationed troops abroad for the first time since World War II (Yahoo News Japan).

07:18 (22:18)โ‡ขTrump Greenlights Nippon Steel-US Steel Partnership

โŒจThe newspapers report on President Trump's approval of Nippon Steel's acquisition of US Steel, forming a "partnership" after a national security review (The Japan Times, Nikkei Shimbun, Yahoo News Japan, Nikkei Asia). This represents a significant development in Japanese-American business relations. Meanwhile, domestic criticism mounts against Prime Minister Ishiba for allegedly having "no measures" to address rice price increases, with the Japan Business Press noting that similar situations would have triggered protests in France, while also highlighting Ishiba's apparent lack of reliable close aides.
09:16
09:42
09:59

12:33 (03:33)โ‡ขTrump Approves Nippon Steel's US Steel Acquisition

โŒจThe newspapers report on President Trump's approval of Nippon Steel's acquisition of US Steel, with multiple sources confirming the deal will move forward as a "partnership" (The Japan Times, Kyodo News English, Nikkei Asia, Nikkei Shimbun). This represents a significant development in Japanese-American business relations after previous uncertainty about the acquisition. Meanwhile, Yahoo News Japan features a historical piece about a 15-year-old who survived air raids on Omotesando, while domestic criticism continues against Prime Minister Ishiba for his handling of rising rice prices (Japan Business Press).
13:29
13:38
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13:38 (04:38 in your timezone)

15:37 (06:37)โ‡ขNippon Steel-U.S. Steel Partnership Receives Trump Blessing

โŒจThe newspapers report on Trump's approval of Nippon Steel's acquisition of U.S. Steel as a "partnership" deal, marking a significant development in Japanese-American business relations (The Japan Times, Kyodo News English, Nikkei Asia). In automotive news, auto parts manufacturer Marelli Holdings (formerly Calsonic Kansei) is reportedly accepting a buyout proposal from India's Motherson Group and planning private restructuring discussions on May 26, with Nissan's business troubles affecting the parts industry (Nikkei Shimbun). Meanwhile, former Minister Koizumi is meeting with rice producers to discuss rice prices amid ongoing concerns about inflation (Yahoo News Japan, Japan Business Press).

20:18 (11:18)โ‡ขJapan-US Tariff Negotiations Reach Critical Stage

โŒจThe newspapers report on developments in Japan-US trade relations, with Japan-US tariff negotiations reaching a crucial stage (Yahoo News Japan). Trump has announced a "partnership" deal between Nippon Steel and US Steel, suggesting progress in resolving this significant business issue (The Japan Times, Kyodo News English, Nikkei Asia). Meanwhile, a new "bicycle for all heights" has been developed in Japan, with coverage focusing on the background of this innovation (Huffington Post Japan). In automotive news, parts manufacturer Marelli is reportedly accepting a buyout from India's Motherson Group amid ongoing restructuring (Nikkei Shimbun).

23:23 (14:23)โ‡ขTrump Welcomes Nippon Steel's $14 Billion Investment

โŒจThe newspapers report on Trump's approval of Nippon Steel's $14 billion investment to acquire US Steel, a significant development in Japanese-American business relations (Nikkei Shimbun, The Japan Times, Kyodo News, Nikkei Asia). After previous uncertainty, Trump now welcomes the deal framed as a "partnership." Meanwhile, the Japanese government plans to allocate 390 billion yen from reserve funds to support electricity and gas costs for consumers (Yahoo News Japan), signaling efforts to address rising utility prices amid ongoing economic concerns.