Japan's Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U.S. opposition including from President-elect Donald Trump.

President-elect Donald Trump pledges to stop Nippon Steel’s $14 billion purchase of U.S. Steel, emphasizing national security and domestic ownership concerns.

President-elect Donald Trump has repeatedly said he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own.

"I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan," Trump wrote on his social media platform Truth Social. Nippon Steel hopes to close the deal before Trump retakes the White House on Jan.

President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengt

The announcement reiterated sentiments the president-elect expressed on the campaign trail, and further imperiled a deal that had already run into widespread political opposition.

Nippon Steel Corp. reiterated confidence that its $14.1 billion acquisition of United States Steel Corp. can be completed by year-end, even as the current and incoming US presidents oppose the takeover.

Donald Trump's plan to block the sale of U.S. Steel to a Japanese company has upset some Pennsylvania steelworkers.

"I'm on the side of making steel. I'm on the side for making steel for whoever owns this facility," said worker Jesse Smith. "I'm partial towards it being domestic and individuals

This April 26, 2010, shows the United States Steel logo outside the headquarters building in downtown Pittsburgh. President-elect Donald Trump is underscoring his intention to block the purchase of U.