A Big Deal on the Iron Range

A big deal on the Iron Range

When first learning of Nippon Steel’s potential $14.9 billion investment in U.S. Steel, my immediate reaction was excitement. The Iron Range is the bedrock of Minnesota’s economy and vital to our communities here in the Northland.

Trump Touts US Steel-Nippon Steel Deal That Could… - Data Intelligence

“You’re going to be very happy. There’s a lot of money coming your way. There’s a lot of money. You’re going to say, ​‘Please, sir, we don’t want this kind of success. Please, sir. It’s too much. We can’t take it. Please, we beg you, we don’t want this much success,’” Trump continued. ​“But we do really, don’t we? We’re going to be so successful.” He called Japan an ​“amazing country” with ​“great people.” Just two weeks ago, however, the Unit…

President Trump receives "golden share" power for U.S. steel

According to disclosures made to the U.S. Securities and Exchange Commission, President Donald Trump will hold the so-called “golden share” that was part of the national security deal that permitted Japan-based Nippon Steel to purchase U.S. Steel. The clause grants the president the power to select a board member and have a say in important business choices that impact domestic steel production and the ability to compete with overseas producers.…