US EditionTrump holding Pennsylvania rally to promote deal for Japan-based Nippon to ‘partner’ with US Steel
- President Donald Trump is scheduled to visit Pennsylvania this Friday to reveal an agreement involving Japan-based Nippon Steel’s partial ownership and investment in U.S. Steel.
- This deal follows Trump's initial opposition and blocking attempts against Nippon Steel’s bid, with lawmakers and state officials previously briefed on the evolving arrangement.
- Nippon Steel plans to invest billions, including $14 billion beyond its $14.9 billion bid, across U.S. Steel facilities located in Pennsylvania, Indiana, Alabama, Arkansas, and Minnesota.
- Pennsylvania Governor Josh Shapiro expressed cautious optimism, saying “The deal has gotten better,” while the Steelworkers Union criticized the deal's lack of finalized details and potential harm to the industry.
- The arrangement maintains U.S. Control over decision-making with strategic 'golden share' provisions, aiming to preserve jobs, supply chains, and national security amid ongoing union skepticism.
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143 Articles
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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