US EditionTrump holding Pennsylvania rally to promote deal for Japan-based Nippon to ‘partner’ with US Steel
- President Donald Trump will visit Pennsylvania this Friday to announce a significant agreement involving Japan’s Nippon Steel investing in Pittsburgh-based U.S. Steel.
- The announcement follows Trump’s earlier vow to block Nippon’s full acquisition, but the new agreement includes partial ownership while maintaining U.S. Control, with some details still unresolved.
- Nippon Steel has committed to investing an additional $14 billion beyond its initial $14.9 billion offer, allocating funds toward modernization projects that include constructing a state-of-the-art steel facility featuring an electric arc furnace in various U.S. Locations such as Pennsylvania and Alabama.
- Pennsylvania Governor Josh Shapiro said the deal has improved and expressed cautious optimism, while the United Steelworkers union remains concerned about job security and industry impacts.
- The deal aims to preserve U.S. Steel’s national security role, domestic supply chains, and thousands of American jobs, though union opposition signals ongoing negotiation challenges.
145 Articles
145 Articles
Trump’s US Steel deal is a win for America
President Donald Trump’s decision to green-light a restructured deal between US Steel and Japanese-owned Nippon Steel was a turnaround for him and perhaps for American manufacturing. Trump, who vowed to block the deal throughout the 2024 presidential campaign on the grounds of protecting domestic industry and national security, eventually came to a different and truer “America First” conclusion. The merger of Nippon Steel and US Steel is a great…
Fox’s Laura Ingraham Openly Questions If Trump Is ‘Fully Informed’ About Blockbuster Deal
Fox News host Laura Ingraham openly questioned whether President Donald Trump was “fully informed” on Nippon Steel’s $14.9 billion takeover of US Steel as she wrestled with the president’s new-found embrace of the acquisition, announced at a rally on Friday. During the rally in Pennsylvania Trump hailed the “blockbuster” deal by the Japanese firm and threw his full support behind it just months after stating that he was “totally against” the bid…
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