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Trump Gets 'Golden Share' Power in US Steel Buyout. US Agencies Will Get It Under Future Presidents
DAUPHIN COUNTY, PENNSYLVANIA, JUN 24 – The golden share grants Trump veto power over U.S. Steel's key decisions, including plant closures and relocations, while Nippon Steel commits $11 billion to modernize facilities.
- On June 13, 2025, President Donald Trump approved Nippon Steel's $14 billion acquisition of U.S. Steel, granting Trump veto power via a 'golden share'.
- The deal emerged after a year-and-a-half review including antitrust and national security scrutiny, initially blocked by the Biden administration in January.
- The national security agreement requires U.S. Steel's board majority and CEO to be U.S. citizens and keeps the company incorporated domestically, while Nippon commits $11 billion to U.S. investments.
- Trump holds veto rights over key decisions including name changes, plant closures, and production shifts, with the Treasury and Commerce Departments inheriting this control after his presidency.
- Local groups voiced concerns about ongoing pollution harms and demand corporate accountability, while the deal stabilizes the steel industry but does not resolve all challenges.
120 Articles
120 Articles
Colby Cosh: How Donald Trump nationalized U.S. Steel
Last week, Nippon Steel Corp. of Japan formally completed a takeover of U.S. Steel (USS), the venerable but diminished American industrial giant created by J.P. Morgan in 1901. The Japanese company originally placed its bid for USS in late 2023, but it ran into immediate trouble with the Biden administration. U.S. Steel, once widely regarded as an overmighty pollution-spewing relic of Gilded Age cartelization, had magically evolved to become a v…
Nippon/US Steel Merger Means Big Things in Store for JeffCo, Surrounding Area, Commission President Says - BirminghamWatch
Jefferson County Commission President Jimmie Stephens in the June 26, 2025, meeting. (Photo by Solomon Crenshaw Jr.) Jimmie Stephens used his closing statement at Thursday’s meeting of the Jefferson County Commission to talk about a monumental business deal with national implications, including in Alabama. “Nippon Steel and U.S. Steel have merged, and Nippon Steel has become a very significant shareholder in U.S. Steel,” the commission president…
Trump's controlling stake in U.S. steel is indefensible socialist nonsense
U.S. Steel isn't just getting nationalized. It's getting…personalized? President Donald Trump will personally control the so-called "golden share" that his administration has forced U.S. Steel to accept as part of the terms of a deal that will see the previously private company get acquired by Japan-based Nippon Steel. It's an utterly absurd arrangement—one that will leave the federal government with a controlling share of U.S. Steel even after …
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