US EditionTrump holding Pennsylvania rally to promote deal for Japan-based Nippon to ‘partner’ with US Steel
- President Donald Trump plans to visit Pennsylvania this Friday to unveil a significant agreement involving Japan-based Nippon Steel's investment in U.S. Steel.
- The deal follows earlier opposition from Trump and Biden to foreign ownership, but it emerged after Nippon committed to investing billions and maintaining American control.
- Nippon Steel intends to invest an additional $14 billion on top of its $14.9 billion offer, supporting U.S. Steel operations in multiple states and establishing a new steel mill utilizing electric arc furnace technology within the United States.
- Pennsylvania officials, including Josh Shapiro and David McCormick, express cautious optimism, while the United Steelworkers union raises concerns about lack of detail and potential undermining of the steel industry.
- The deal aims to preserve U.S. Steel's American headquarters, protect jobs, and secure supply chains, but final terms are still being structured and require further approval.
144 Articles
144 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…
Trump Hails Nippon Steel as ‘Great Partner’ as Deal Awaits Approval
WEST MIFFLIN, Pennsylvania, May 30 (Reuters) - U.S. President Donald Trump on Friday lauded an "agreement" between Nippon Steel 5401.T and U.S. Steel X.N at a political rally but stopped short of approving the companies' diplomatically sensitive merger.
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