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American president Donald Trump receives a gold helmet with his name during a visit to US Steel – Irvin worked in West Mifflin, Pennsylvania, on May 30, 2025, to mark the “ partnership ” between Nippon Steel and Us Steel.
Saul Loeb | AFP | Getty images
President Donald Trump published a executive decree Friday, approving the merger of the US Steel with Japanese Steel in Japan, after the companies signed a national security agreement with the United States government.
Us Steel and Nippon said that the National Security Agreement will give the United States government a “golden share” and would make certain commitments related to governance, domestic production and trade. Companies have not explained the powers that the US government will exercise with its gold share.
“All the regulatory approvals necessary for the partnership have now been received, and the partnership should be finalized quickly,” said US Steel and Nippon in a statement.
The National Security Agreement provides that Nippon achieves $ 11 billion in new investments by 2028, including initial spending on a Greenfield project which will be completed after 2028, companies said.
Trump said Thursday that the Golden Part gives the President “total control“Without developing. Pennsylvania Senator Dave McCormick told CNBC last month that the Golden Part will effectively allow the government Check a number of seats to the board.
Trump opposed American steelControversial sale of Japanese in the rupture of the president’s election in 2024, while the Republicans and Democrats looked to protect American companies against foreign competitors.
But Trump began to soften his opposition to the takeover after taking up his duties, Order a new review of the agreement in April. President Joe Biden had blocked the sale of US Steel in Nippon in his last days in office, citing national security problems, although Japan is a close ally.
Trump avoided calling an acquisition or a merger, describing it as a “partnership“In an article of May 23 on his social media platform Truth Social. He insisted that American steel will remain” controlled by the United States “during a speech to workers In one of the company’s factories outside Pittsburgh on May 30.
Us Steel clearly indicated that he would become a “fully owned subsidiary” of Nippon North America under the terms of the merger agreement in a file of April 8 with the Securities and Exchange Commission. The description by Trump of the agreement as a “partnership” caused confusion between investors and union leaders.
The president told us steel workers that Japanese would be a “big partner”. The Trump administration is currently engaged in trade discussions with Japan while investors are impatiently awaiting signs that the United States will conclude key partner agreements that avoid steep rates.
Trump told the sidepers that Japanese had agreed to keep the high stoves of us Steel working at full capacity for at least 10 years. The president said that the agreement would not have led to layoffs and promised that there would be “no outsourcing”. He said workers will receive a bonus of $ 5,000.
Trump announced that he doubled American prices on 50% steel imports during his remarks to American steel workers. These prices entered into force on June 4.
