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President Trump issued a new order regarding the proposed acquisition of United States Steel Corporation by Nippon Steel Corporation. Initially blocking the deal due to national security concerns, the President now allows the acquisition under specific conditions. These conditions involve a national security agreement (NSA) with the Department of Treasury and other agencies, ensuring mitigation of national security risks. Failure to comply with this NSA will result in the prohibition of the deal. The Committee on Foreign Investment in the United States (CFIUS) will continue monitoring the transaction.

Prepared by Christopher Adams and reviewed by editorial team.