Key Facts
• June 13, 2025: Trump signed an executive order amending Biden’s acquisition ban.
• The order allows approval if a national security agreement is reached with the U.S. government.
• Conditions in the agreement aim to mitigate national security threats from the deal.
Summary
Former President Donald Trump signed an executive order on June 13, 2025, revising a ban issued by former President Joe Biden on Nippon Steel’s acquisition of U.S. Steel. The new order stipulates that the acquisition may proceed if a national security agreement is established with the U.S. government. Trump emphasized that adherence to the agreement’s conditions would sufficiently reduce any potential threats to national security posed by the transaction.
