US Edition
Trump holding Pennsylvania rally to promote deal for Japan-based Nippon to ‘partner’ with US Steel
- On May 30, 2025, President Donald Trump will host an event in Pennsylvania to highlight a forthcoming agreement in which Japan’s Nippon Steel plans to invest in Pittsburgh-based U.S. Steel, a deal he says will preserve American control of the historic steel company.
- Trump initially vowed to block Nippon Steel's $14.9 billion bid last year but changed course after an agreement was announced last week amid broad political attention.
- The deal, brokered by Trump's administration, includes Nippon investing an additional $14 billion and promises American control through a planned 'golden share' with three U.S.-approved board members.
- Trump stated that the company’s main office would remain located in Pittsburgh and described the deal as a “partial ownership.” Meanwhile, Pennsylvania officials expressed measured optimism, and local leaders emphasized that the agreement would preserve thousands of jobs.
- The agreement, still being structured, signals an effort to protect U.S. manufacturing and supply chains but faces opposition from the United Steelworkers union questioning its meaningful change.
155 Articles
155 Articles
Steel workers blast Trumps support of takeover by Japanese 'bad actor
The Guardian reports President Donald Trump was once “totally against” the $14 billion takeover bid of US Steel by Japan’s Nippon Steel. But Trump jumped aboard after Joe Biden blocked the deal citing national security concerns. Now Trump touts the Japanese company’s bid for the second largest US steel producer as a lifesaver to the U.S. steel industry.“We won’t be able to call this section a rust belt anymore,” Trump announced at a plant in Wes…
Steelworkers unhappy with Trump OK of Nippon takeover of U.S. Steel
PITTSBURGH—Despite Donald Trump’s promises that the deal would save jobs, the Steelworkers are at best very skeptical of Nippon Steel’s $14 billion purchase of U.S. Steel, and of Trump, too, who has gone back on his word and now supports the deal.. “Trust nothing until you see it in writing,” union President David McCall declared when he learned of the sale—and of Trump’s reversal to approve it—late on May 30. Trump announced the sale to reporte…
A Golden Share Will Not Make America Great Again - LewRockwell
Japanese company Nippon Steel’s plan to purchase US Steel was bound to provoke a strong reaction from left- and right-wing economic nationalists. After all, US Steel was once the world’s largest company, and it was the first company to be valued at over a billion dollars. US Steel was thus a symbol of America’s economic dominance. So it was not surprising that Nippon Steel’s purchase of US Steel was blocked by both the Biden and Trump administra…
A Golden Share Will Not Make America Great Again » Sons of Liberty Media
Japanese company Nippon Steel’s plan to purchase US Steel was bound to provoke a strong reaction from left- and right-wing economic nationalists. After all, US Steel was once the world’s largest company, and it was the first company to be valued at over a billion dollars. US Steel was thus a symbol of America’s economic …
Coverage Details
Bias Distribution
- 55% of the sources are Center
To view factuality data please Upgrade to Premium
