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		<title>Trump to celebrate &#8216;partnership&#8217; between US Steel and Nippon Steel, a merger he once opposed</title>
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		<pubDate>Fri, 30 May 2025 16:25:43 +0000</pubDate>
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					<description><![CDATA[President Donald Trump on Friday visits Pittsburgh to celebrate what he says is a &#8220;planned partnership&#8221; between U.S. Steel and the Japanese company Nippon Steel, after previously opposing a merger. Trump is set to deliver remarks at 5 p.m. ET about the &#8220;U.S. Steel Deal&#8221; at a rally at the Irvin Works in Allegheny County, [&#8230;]]]></description>
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<p class="EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC ">President <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://abcnews.go.com/alerts/donald-trump">Donald Trump</a> on Friday visits Pittsburgh to celebrate what he says is a &#8220;planned partnership&#8221; between U.S. Steel and the Japanese company Nippon Steel, after previously opposing a merger.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Trump is set to deliver remarks at 5 p.m. ET about the &#8220;U.S. Steel Deal&#8221; at a rally at the Irvin Works in Allegheny County, according to the White House.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Trump announced the agreement on his conservative social media platform last week. He said it will create at least 70,000 jobs and add $14 billion to the American economy. The &#8220;investment,&#8221; he wrote, would take place over the next 14 months and keep U.S. Steel headquartered in Pennsylvania.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Trump, during the 2024 campaign, pledged to block the Japanese steelmaker from purchasing U.S. Steel. As president-elect, he repeated that vow.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,&#8221; Trump wrote in a post to his conservative social media platform in early December.</p>
<div class="oLzSq QrHMO fnRUo pvsTF EhJPu vPlOC zNYgW OsTsW RMeqy daRVX ISNQ sKyCY eRftA acPPc MENS nFwaT MCnQE mEeeY SmBjI xegrY rPLsU iulOd NIuqO zzscu lzDCc aHUBM IEgzD OjMNy eQqcx SVqKB GQmdz jaoD VWDdR ONJdw vrZxD OnRTz gbbfF roDbV GPGwb oMlSS gfNzt oJhud eXZcf zhVlX ">
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<div class="FvQLF iLTd NqeUA UzzHi iWsMV "><picture class="lazyload"><source media="(max-width: 414px)" data-srcset="https://i.abcnewsfe.com/a/c8cf1829-bc78-4e04-96e2-a7bd41bf0b13/uss-steel-logo-ap-jef-250530_1748616513375_hpMain.jpg?w=375, https://i.abcnewsfe.com/a/c8cf1829-bc78-4e04-96e2-a7bd41bf0b13/uss-steel-logo-ap-jef-250530_1748616513375_hpMain.jpg?w=750 2x"><source media="(min-width: 415px)" data-srcset="https://i.abcnewsfe.com/a/c8cf1829-bc78-4e04-96e2-a7bd41bf0b13/uss-steel-logo-ap-jef-250530_1748616513375_hpMain.jpg?w=750, https://i.abcnewsfe.com/a/c8cf1829-bc78-4e04-96e2-a7bd41bf0b13/uss-steel-logo-ap-jef-250530_1748616513375_hpMain.jpg?w=1500 2x"></picture></div>
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<div class="nMMea bNYiy Mjgpa dGwha DDmxa jgKNG RGHCC aBIU PriDW lZur " data-testid="prism-caption">
<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">This is a U.S. Steel logo on display at U.S. Steel&#8217;s Edgar Thomson Works in Braddock, Pa.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Gene J. Puskar/AP</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The Biden administration in January blocked the sale of U.S. Steel to Nippon Steel over national security concerns. The White House said at the time it was important to keep one of the largest steel producers in the nation an American-owned company.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The reaction was mixed. The president of the United Steelworkers union, which represents hundreds of thousands of workers, celebrated the move while local leaders expressed concern about U.S. Steel&#8217;s future in southwestern Pennsylvania.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Weeks after the inauguration, Trump met with U.S. Steel CEO David Burritt at the White House. In early April, he ordered a new national security review of Nippon Steel&#8217;s proposed bid to acquire U.S. Steel.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The White House has provided few details, other than those mentioned by Trump in his social media post, about the agreement.</p>
<div class="oLzSq QrHMO fnRUo pvsTF EhJPu vPlOC zNYgW OsTsW RMeqy daRVX ISNQ sKyCY eRftA acPPc MENS nFwaT MCnQE mEeeY SmBjI xegrY rPLsU iulOd NIuqO zzscu lzDCc aHUBM IEgzD OjMNy eQqcx SVqKB GQmdz jaoD VWDdR ONJdw vrZxD OnRTz gbbfF roDbV GPGwb oMlSS gfNzt oJhud eXZcf zhVlX ">
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<div class="FvQLF iLTd NqeUA UzzHi iWsMV "><picture class="lazyload"><source media="(max-width: 414px)" data-srcset="https://i.abcnewsfe.com/a/e2bde651-3e68-4410-9464-22790a933d53/nippon-steel-gty-jef-250530_1748615382462_hpEmbed_3x2.jpg?w=375, https://i.abcnewsfe.com/a/e2bde651-3e68-4410-9464-22790a933d53/nippon-steel-gty-jef-250530_1748615382462_hpEmbed_3x2.jpg?w=750 2x"><source media="(min-width: 415px)" data-srcset="https://i.abcnewsfe.com/a/e2bde651-3e68-4410-9464-22790a933d53/nippon-steel-gty-jef-250530_1748615382462_hpEmbed_3x2.jpg?w=750, https://i.abcnewsfe.com/a/e2bde651-3e68-4410-9464-22790a933d53/nippon-steel-gty-jef-250530_1748615382462_hpEmbed_3x2.jpg?w=1500 2x"><img decoding="async" alt="" class="hsDdd NDJZt sJeUN IJwXl vBqtr KrDt itslR SjwtZ hakZw HlUVI " data-testid="prism-image" draggable="false" loading="lazy" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" data-src="https://i.abcnewsfe.com/a/e2bde651-3e68-4410-9464-22790a933d53/nippon-steel-gty-jef-250530_1748615382462_hpEmbed_3x2.jpg"></picture></div>
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<div class="nMMea bNYiy Mjgpa dGwha DDmxa jgKNG RGHCC aBIU PriDW lZur " data-testid="prism-caption">
<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">A general view of Nippon Steel Corp.&#8217;s East Nippon Works Kimitsu Area is seen on January 07, 2025 in Kimitsu, Japan.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Tomohiro Ohsumi/Getty Images</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Peter Navarro, Trump’s trade adviser, insisted on Thursday that U.S. Steel &#8220;owns&#8221; the company.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;Nippon Steel is going to have some involvement but no control of the company,&#8221; Navarro told reporters outside the White House, though he didn&#8217;t take any more questions on the agreement.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Nippon was seeking 100% ownership of U.S. Steel in talks with Trump, Nikkei Asia <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://asia.nikkei.com/Business/Business-deals/Nippon-Steel-still-seeks-100-of-US-Steel-in-final-pitch-to-Trump" target="_blank">reported</a> earlier this month.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">U.S. Steel issued a <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://investors.ussteel.com/news-events/news-releases/detail/727/u-s-steel-statement-on-president-trumps-leadership" target="_blank">brief statement</a> last week in which it said Trump &#8220;is a bold leader and businessman who knows how to get the best deal for America.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN ">&#8220;U. S. Steel will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies and thousands of jobs over the next four years,&#8221; the company said without sharing more specifics.</p>
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