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Trump Approves U.S. Steel Takeover with “Golden Share” to Protect American Interests
Former President Donald Trump has approved Nippon Steel’s $14.9 billion acquisition of U.S. Steel, embedding a powerful “golden share” to secure American oversight and protect national interests.
This golden share gives the U.S. government permanent veto power over key business decisions, including relocating headquarters, outsourcing jobs, altering raw materials sourcing, or delaying investments. The move ensures U.S. Steel remains strategically aligned with national security and economic goals.
As part of the agreement, Nippon Steel will invest at least $11 billion into U.S. operations by 2028, with potential for additional investments bringing the total to over $28 billion. The company's headquarters will stay in Pittsburgh, and the board will retain a majority of American members.
While the United Steelworkers union expressed concerns over foreign control and transparency, analysts highlight that the deal could significantly boost U.S. steel production and competitiveness, especially in high-grade steel segments.
This approval marks a major policy shift from the Biden administration, which had previously blocked the deal. Trump's decision balances economic growth with national security, setting a precedent for future foreign investments in critical U.S. industries.
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