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US President Donald Trump receives a gold helmet with his name during a visit to the United States – Irvin in Western Mythlin, Pennsylvania, May 30, 2025 to celebrate “Partnership” between Nippon Steel and US Steel.
Saul Lob | AFP | Gets the image
President Donald Trump has issued Executive order On Friday, approving the US merger with the Japanese Nippon Steel after the companies signed a national security agreement with the US government.
In the US, Nippon also said the national security agreement would give the US government a “golden share” and force certain commitments related to management, domestic production and trade. Companies do not specify what powers the US government will have with its golden share.
‘All necessary regulatory statements for the partnership were obtained and is expected statement.
The National Security Agreement calls on Nippon to earn $ 11 billion by 2028, including the initial Greenfield project, which will be completed after 2028, the companies said.
Trump said on Thursday that the golden share gives the president “General control“Without specifying. Senator Pennsylvania Dave McCormic said CNBC last month that the” golden share “effectively allows the government to do Manure a number of board seats.
Trump opposed US steelThe controversial sale of Nippon to Runup to the 2024 presidential election, when Republicans and Democrats leaned towards protecting US companies from foreign competitors.
But Trump began to mitigate his confrontation for the absorption after taking office, Order of a new review deals in April. President Joe Biden blocked the US sale in Nippon during his last days, citing national security problems, despite the fact that Japan was close to the ally.
Trump avoided calling a deal acquisition or merge, describing it as “partnership“In a message on May 23 on his social media platform is true social. He insisted Speech with the workers At one of the companies outside Pittsburgh on May 30.
The American steel has made it clear that it would become a “subsidiary” of Nippon North America, according to the Conditions on the Condition Agreement in the application on April 8 to the Securities and Exchange Commission. Trump’s transaction description has caused confusion among investors and trade union leadership.
The president told us that steel workers that Nippon would be a “excellent partner”. Trump’s administration is currently involved in trade negotiations with Japan as investors are looking forward to the signs that the United States will participate in transactions with key partners that avoid steep tariffs.
Trump told The Steelworkers that Nippon has agreed to keep us steel explosions at least 10 years old. The president said the transaction would not lead to dismissal and promised that “there would be no outsourcing.” He said workers would receive a $ 5,000 bonus.
Trump announced that he had doubled the US import tariffs to 50% during his remarks to US steel workers. These tariffs came into force on June 4.
