US EditionUS Steel to remain in America, form 'partnership' with Nippon, Trump says
- Donald Trump announced on May 23, 2025, that U.S. Steel will remain headquartered in Pittsburgh through a new partnership with Japan's Nippon Steel.
- The partnership follows years of negotiation after Nippon's 2023 acquisition attempt was blocked by former President Biden due to concerns over foreign control.
- The joint venture seeks to honor U.S. Steel’s legacy, increase steel output, generate a minimum of 70,000 new employment opportunities, and attract $14 billion in investment within the upcoming 14 months.
- Trump called the deal the "largest economic boost in Pennsylvania's history" and emphasized that his trade policies helped keep steel "made in America."
- The partnership reinforces U.S. Steel’s role in American manufacturing and is expected to hold political significance in industrial swing states during the intensified 2024 election season.
122 Articles
122 Articles
Trump Says Nippon Steel and US Steel Will Form a "Partnership" that Would Attract $14 Billion in Investment.
By Kit Maher, Ramishah Maruf and Chris Isidore, CNN US President Donald Trump announced a partnership between US Steel and Japanese steelmaker Nippon Steel that he said will keep the company headquartered in Pittsburgh and attract $14 billion in investment to the US economy. “This will be a planned partnership between United States Steel and Nippon Steel, creating at least 70,000 jobs and adding $14 billion to the US economy. The majority of tha…
Trump announces U.S. Steel partnership with Japan’s Nippon Steel
President Donald Trump announced a new “partnership” between U.S. Steel and Japan’s Nippon Steel. The announcement comes just months after former President Joe Biden blocked a proposed acquisition of the American steelmaker by the Japanese company over national security concerns. “I am proud to announce that, after much consideration and negotiation, U.S. Steel will remain in America, and keep its headquarters in the great city of Pittsburgh,” T…
U.S. Steel to Form ‘Partnership’ With Nippon Steel
President Trump announced on Friday what appeared to be a go-ahead for a long contemplated tie-up between U.S. Steel and its Japanese rival, Nippon Steel. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Mr. Trump wrote on social media. “The bulk of that Investment will occur in the next 14 months.” No terms of the deal were…
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