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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.
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The Strident Conservative ™ broke the news in on Tuesday, June 24, 2025.
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