U.S. President Donald Trump said he wouldn't mind if Japan's Nippon Steel took a minority stake in U.S. Steel, days after he announced Nippon's bid for the struggling U.S. steelmaker would take the form of an investment instead of a purchase.

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.

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.