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Trump Backs Revised U.S. Steel–Nippon Deal in Pennsylvania Rally
Former U.S. President Donald Trump has thrown his support behind a newly restructured partnership between U.S. Steel and Japan-based Nippon Steel, aiming to secure jobs, investments, and domestic control over a critical industry.
Speaking at a high-energy rally in Pennsylvania, Trump praised the revised agreement as a "win for American steel and American workers." The original $14.9 billion takeover bid faced backlash and a national security review, but the new framework emphasizes American oversight and strategic safeguards.
Under the updated plan, U.S. Steel will retain its Pittsburgh headquarters and remain governed by a U.S.-led board. The U.S. government will hold a "golden share," giving it veto power over key decisions to ensure national interests are protected. Meanwhile, Nippon Steel has pledged a $14 billion investment across U.S. operations — including a cutting-edge electric arc furnace and a technology research center in partnership with Carnegie Mellon University.
The deal is expected to generate over 70,000 American jobs and boost domestic manufacturing capabilities, particularly in high-grade steel production. Trump called the partnership “smart capitalism” that blends foreign capital with American control.
While local leaders and several lawmakers have expressed support, the United Steelworkers union remains cautious, voicing concerns over long-term impacts on labor protections and domestic competitiveness.
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