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Trump Says U.S. Steel Controlled by Him with "Golden Share"
- On May 30, 2025, President Donald Trump said at a rally in West Mifflin, Pennsylvania, that he controls a "golden share" giving him total control over U.S. Steel.
- This statement followed Biden’s January 2025 blocking of Nippon Steel's $14.1 billion takeover and Trump's April order for a new committee review of the deal.
- Trump announced a "planned partnership" between U.S. Steel and Nippon Steel on May 23, claiming Americans will own 51%, though details remain undisclosed and confusing to investors and unions.
- Pennsylvania Senator Dave McCormick said the national security agreement, involving the golden share, ensures U.S. government approval of board members to maintain production levels.
- The 15-day period to decide on the committee's May 21 recommendation ended last week, but U.S. Steel, Nippon, and the White House have not clarified the deal's status or finalization.
19 Articles
19 Articles
U.S. will have golden share in Nippon Steel’s takeover of U.S. Steel, lawmaker says | The Asahi Shimbun Asia & Japan Watch
TOKYO/WASHINGTON--The U.S. government will have veto power over key decisions relating to U.S. Steel as part of a deal with Nippon Steel that would approve the Japanese firm's bid for the well-known American steel company, a U.S. lawmaker said on Tuesday.
Trump says U.S. Steel controlled by him with "golden share"
The United States has a "golden share" in United States Steel Corp., President Donald Trump said Thursday, adding it will be controlled by him after Nippon Steel Corp.'s massive investment in the iconic American producer. "We have a golden share, which I control, or a president controls. Now I'm a little concerned whoever the president might be, but that gives you total control," Trump said at a White House event. Read full story here
Trump says U.S. Steel controlled by him with 'golden share'
The United States has a "golden share" in United States Steel Corp, President Donald Trump said Thursday, adding it will be controlled by him after Nippon Steel Corp's massive investment in the iconic American producer. "We have a golden share, which I control, or a president controls. Now I'm a…
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