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Trump holding Pennsylvania rally to promote deal for Japan-based Nippon to ‘partner’ with US Steel

  • On May 30, President Donald Trump plans to hold an event in Pennsylvania to highlight a forthcoming agreement involving Japan's Nippon Steel investing in Pittsburgh-based U.S. Steel.
  • Trump initially vowed to block Nippon Steel's $14.9 billion bid but changed course last week after the company pledged an additional $14 billion investment.
  • The agreement entails partial Nippon ownership while maintaining U.S. Steel’s American control via a 'golden share' with three U.S.-approved board members.
  • Pennsylvania Rep. Dan Meuser called it a 'strategic partnership' that is American-owned and run, while Sen. David McCormick called the plan 'great' for the steel industry and national security.
  • Governor Josh Shapiro and local leaders have expressed guarded hope about the deal, noting it is expected to preserve many jobs and bolster the domestic steel industry’s supply chain.
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Pittsburgh Post-Gazette broke the news in Pittsburgh, United States on Wednesday, May 28, 2025.
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