Asian stocks tracked Wall Street higher on Friday, while the dollar eased as investors contended with U.S. President Donald Trump's reciprocal tariffs that were not immediately imposed as well as U.S. data allaying investor worries on inflation.

Nippon Steel Corp. slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the company’s plan to acquire United States Steel Corp.

President Trump said Friday that Japan's Nippon Steel will drop its $14.1 billion bid to acquire U.S. Steel and instead "invest heavily" in the company.

Days after a surprise announcement from President Donald Trump about a $14.9 billion deal, the companies involved have remained mum.

President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.

President Donald Trump is suggesting that Nippon Steel will no longer buy U.S. Steel as planned, but the Japanese company will instead invest in the symbolically important American business.

Nippon Steel , Japan's biggest steelmaker, said on Thursday its proposed acquisition of U.S. Steel fits with President Donald Trump's goal of a stronger United States as the leaders of the two allies prepared to meet.

US Steel (NYSE:X) seesawed and fell as much as 1.9% after President Donald Trump suggested that tariffs will save the steel company, and it doesn't need to do a deal with Nippon Steel (OTCPK:NPSCY). “I think US Steel right now has all the power,