US EditionUS Steel to remain in America, form 'partnership' with Nippon, Trump says
- President Donald Trump announced a partnership between U.S. Steel and Nippon Steel that will keep the headquarters in Pittsburgh and draw $14 billion in investment toward the U.S. Economy.
- The partnership will create at least 70,000 jobs and add $14 billion to the U.S. Economy, according to Trump.
- Senator Dave McCormick described the deal as a 'huge victory for America,' protecting over 11,000 Pennsylvania jobs and creating at least 14,000 more.
- U.S. Steel announced a partnership with Nippon Steel, aimed at keeping the headquarters in Pittsburgh and investing $14 billion in the U.S. Economy.
358 Articles
358 Articles
United States to Control U.S. Steel Amid Nippon Deal
President Donald Trump announced that U.S. Steel will remain under the control of the United States amid its partnership with Japanese company Nippon Steel. Speaking to reporters, Trump said it will be “controlled by the United States, otherwise I wouldn’t make the deal.” He added, “It’s an investment and it’s a partial ownership, but it will be controlled by the USA.” REPORTER: You announced on Friday about U.S. Steel… What will the ownership …
Trump’s backing for Nippon’s U.S. Steel bid leaves key questions unanswered
U.S. President Donald Trump’s comments supporting Nippon Steel’s $14.9 billion bid for U.S. Steel has left lingering questions about the scope of the deal and its costs for the Japanese firm, leading to muted gains for its shares on Monday.
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