U.S. President Donald Trump gets a golden helmet through the visit to American steel – Irvin works in West Miflin, Pennsylvania, 30. May 2025. years, to mark the “partnership” between the steel “partnership” and US Steel.
Saul Loeb | AFP | Getti images
President Donald Trump issued executable On Friday, approving joining American steel with Japan Nippon Steel, after companies signed the National Security Agreement with the American government.
American Steel and Nippon said that the National Security Agreement would provide the US government “Golden Share” and makes certain obligations related to management, domestic production and trade. Companies did not develop what the government of the Government of the Government will have its golden share.
“The United States has been received all necessary regulators for partnerships and the partnership is expected to be finalized immediately,” said American steel and Nippon in a statement.
National Safety Agreement on Nippon to bring 11 billion dollars of new investments by 2028. years, including initial spending on Greenfield Project, which will be completed after 2028. years, companies announced.
Trump said Thursday that the golden share gives the president “Total control“No elaboration. Pennsylvania Sen. Dave McCormick said CNBC last month that the golden share would effectively allow the Government Control the number of seats of the board.
Trump opposed US SteelThe controversial sale of sales in Nippon in the election of President 2024. years, and the Republicans and Democrats relied in the protection of American companies against foreign competitors.
But Trump began to soften his opposition for the pick up after it took office, Ordering new reviews Agreement in April. President Joe Biden blocked the sale of American steel in Nippon during his last days in office, referring to national security concern, despite Japan a close ally.
Trump avoided calling an acquisition or merge, describing it as “partnership“In the post to 23. Maja on his social media platform is social. He insisted that American steel will remain” control now “during and during the Speech to workers On one of the company’s plants outside Pittsburg 30. May.
US Steel is clear that it would be completely owned by North America in accordance with the Connection Agreement in the amount of April 8. Trump description of the agreement as a “partnership” caused the confusion between the investors and the Union leadership.
The president told us that the workers of steel would be a “great partner”. The Trump administration is currently engaged in trade talks with Japan, because investors are eagerly expecting signs that they will hit the crowds with key partners who avoid steep tariffs.
Trump said steels that Nippon agreed to hold us explosive furnaces in full capacity at least 10 years. The president said the agreement would result in dismissal and promised to be “no outsourcing.” He said the workers would receive a $ 5,000 bonus.
Trump announced that the American tariffs at steel imports at 50% during his remarks of American steel workers. These tariffs entered into force on. June 4.
