President Donald Trump speaks during a rally at the U.S. Steel-Irvin Works factory in West Mifflin, Pennsylvania, on Friday. (Jeff Swensen/Getty Images) By Michelle Ye Hee Lee and Chie Tanaka
SEOUL — For corporate Japan, America’s treatment of its steel industry has been one blow after another. First, there were the objections to Nippon Steel’s takeover of its U.S. rival, with Washington treating one of its closest friends as a national security threat and a bipartisan political football. Then, there was the reversal that would see the deal go through but with terms favorable to the United States.