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Nippon Steel's $14.9 billion bid for U.S. Steel poses a national security risk, but those concerns can be mitigated if the companies fulfill certain conditions laid out by the Trump administration, U.S. President Donald Trump said in a executive order on Friday.

Trump said the president will control the "golden share."

We are ten weeks into the new tariff regime with the suspension of reciprocal tariffs due to expire in a month. These tariff changes are having wide impacts across the economy and the only new trade deal so far that has happened has been with the United Kingdom. Tariffs on steel and aluminum just got boosted to 50% and major retailers like Walmart and Amazon are pushing on suppliers to eat most of the new tariff costs.

Investors interested in Steel - Producers stocks are likely familiar with Posco (PKX) and United States Steel (X). But which of these two stocks is more attractive to value investors?

After a scorching 35% rally in just three weeks, United States Steel NYSE: X is sitting at levels not seen since 2010. Powered by a wave of trade protectionist sentiment and renewed optimism over a $14 billion acquisition bid from Japan's Nippon Steel, the industrial giant is suddenly in the spotlight.

PITTSBURGH--(BUSINESS WIRE)--“Steel Stories” by U. S. Steel shifts gears with a dynamic new episode featuring renowned automotive analyst and trend expert Rebecca Lindland, Managing Director, Automotive at Stagwell. With decades of experience tracking the evolution of the auto industry, Lindland joins host David Kirkpatrick for a fast-paced conversation on the technologies transforming today's vehicles — and the role American steel continues to play in driving safety, efficiency, and innovation.

We start a full week of trading this morning slightly in the red, based once again on — you guessed it — trade tensions. On Friday, President Trump accused China of violating its tariff agreement with the U.S., and late in the trading day Trump announced he would be doubling steel tariffs from 25% to 50%.

Currently both the blue-chip Dow and the tech-heavy Nasdaq are down -100 points, with the S&P 500 down -20.

The EU says it is mulling counter-measures after President Trump's steel tariffs doubles tariffs on steel imports. The U.S and China accuse each other of not respecting the trade agreement made in Geneva last month.

Asian currencies consolidated against the dollar but may be buoyed by President Trump's announcement to double U.S. tariffs on imports of steel and aluminum to 50% from June 4.