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Trump's Vow To Block U.S. Steel's Sale Sends Stock Tumbling

A few hours after the American stock markets closed on Monday night, President-elect Donald Trump announced that he was "totally against" the sale of U.S. Steel to a Japan-based competitor. "As President, I will block this deal from happening," Trump promised. When those same stock markets opened this morning, shares of U.S. Steel sank by more than 7 percent immediately (and are down nearly 8 percent as of this moment).
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