Trump Approves $14.1B Nippon Steel–US Steel Deal

President Donald Trump has approved Nippon Steel's $14.1 billion acquisition of U.S. Steel after an 18-month negotiation period that included regulatory and national security reviews. The deal is contingent on a national security agreement granting the U.S. government a 'golden share' with veto power over major decisions, such as relocating headquarters, moving jobs abroad, or changing the company name. Trump's executive order requires U.S. Steel to remain headquartered in Pittsburgh and mandates Nippon Steel invest around $11 billion in U.S. operations by 2028. The agreement is expected to protect and create over 100,000 U.S. jobs, following initial opposition from both Trump and former President Joe Biden, who had previously blocked the deal over security concerns. Both companies have completed all regulatory processes, emphasizing the partnership's role in strengthening the U.S. steel industry. Nippon Steel’s shareholders are considering the implications of the U.S. government’s ongoing oversight.