U.S. Steel, Donald Trump and Nippon
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President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.
Modified agreement keeps American control while securing Japanese investment, despite previous opposition from Trump and GOP senators.
17hon MSN
President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel.
A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.
Japanese-owned Nippon Steel has spent more than $6.1 million on federal lobbying efforts in its quest to take over US Steel.
Gary Mayor Eddie Melton said Nippon Steel plans to pump $1 billion in the Gary Works U.S. Steel facility — the largest steel plant in the country.