Trump’s US Steel decision nears as CFIUS 45-day review winds down

Trump's US Steel decision nears as CFIUS 45-day review winds down Trump's US Steel decision nears as CFIUS 45-day review winds down

WASHINGTON — U.S. President Donald Trump has until early June to make a decision on Nippon Steel’s proposed acquisition of U.S. Steel.

The new deadline became more clear Wednesday with the expected completion of a confidential review within the 45-day period laid out in an April 7 memorandum from Trump to cabinet members. By law, the completion of the review is followed by a 15-day window for the president to arrive at a final determination.