Trump Approves Nippon-US Steel 'Partnership' Allowing Company to Remain Based in Pittsburgh

Articles

Summary

Trump announces "partnership" between U.S. Steel and Japan-based Nippon Steel

President Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a "planned partnership" between the iconic American steelmaker and Japan-based Nippon Steel, which has sought to buy it.

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CBS News

US Steel shares skyrocket after Trump backs Nippon Steel 'partnership'

Shares of steelmaker US Steel skyrocketed as much as 24 per cent on Friday (May 23) after President Donald Trump announced his support for a "partnership" with Nippon Steel.

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Channel News Asia

Trump: US Steel to Remain in USA, Partner With Nippon

U.S. President Donald Trump Friday announced that U.S. Steel and Japan's Nippon Steel had agreed to form a "planned partnership" that meant the American steel company would remain in the country, headquartered in Pittsburgh.

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Newsmax

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News Results

Trump Backs Nippon Steel's Takeover of U.S. Steel, Promises Job Boom

President Trump has given his approval to Nippon Steel's $14.9 billion bid for U.S. Steel. The partnership aims to create 70,000 jobs and boost the US economy by $14 billion over the next 14 months. No instant rejoinder from the companies involved and the White House is pending.

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27m ago

Trump Announces Partnership Between U.S. Steel and Nippon

President Trump announced on Friday a new partnership between U.S. Steel and Japanese firm Nippon Steel. As part of the partnership, U.S. Steel will “REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” Trump posted on Truth Social. He said the firm would invest $14 billio

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28m ago

Donald Trump says Nippon Steel to form partnership with US Steel

Donald Trump says Nippon Steel to form partnership with US Steel. Follow the latest on tariffs and executive orders with the FT’s trusted and impartial coverage. This subscription does not include access to ft.com or the FT App. Pay a year upfront and save 20%.

MIDDLE

29m ago

Trump Endorses U.S. Steel-Nippon Deal

U.S. Steel Corp. shares surged to their highest level since April 2011 after President Trump announced on Truth Social his full backing of a partnership between the Pittsburgh-based steelmaker and Japan's Nippon Steel. Trump confirmed that U.S Steel will remain headquartered in Pittsburgh, calling the deal the largest investment in Pennsylvania's history.

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30m ago

Trump appears to approve the Nippon takeover of US Steel -- with a healthy dose of spin

Nippon and US Steel sued to keep the deal alive and more-recently sweetened the pot. Trump wrote on Truth Social that was a 'planned partnership' and that sparked some confusion but it looks like this is just spin as the $14 billion investment is exactly what Nippon dangled.

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32m ago

Trump says US Steel HQ to stay in Pittsburgh as part of $14B 'partnership' with Nippon Steel

Trump says US Steel will keep headquarters in Pittsburgh as part of $14B 'partnership' with Japan-based Nippon Steel. Trump says he wants U.S. STEEL to stay American-owned, saying it's one of the 'greats' of the world.

MIDDLE

37m ago

Trump says Japanese investment in US Steel can go ahead: ‘Congratulations to all!’

Nippon Steel first announced plans to acquire US Steel back in 2023. Former President Joe Biden blocked the deal from going through, and Trump also said the Japanese company wouldn’t be able to purchase the company. ‘For many years, the name, ‘United States Steel’ was synonymous with Greatness, and now, it will be again,’ Trump wrote on Truth Social.

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37m ago

U.S. Steel merger gets Trump’s approval

(The Center Square) – U.S. Steel will officially remain a Pittsburgh icon after the president said Friday he approves of its $14.9 billion merger with a Japanese competitor.

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2h ago

Trump says US Steel will keep HQ in Pittsburgh as part of $14B 'partnership' with Japan-based Nippon

Trump says US Steel will keep HQ in Pittsburgh as part of $14B 'partnership' with Japan-based Nippon. Trump says what he called a “planned partnership” will create at least 70,000 jobs. Nipp on Steel's nearly $15 billion bid to buy U.S. Steel was blocked by former President Joe Biden.

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2h ago

Trump Shows Approval For Nippon Steel's Bid For U.S. Steel, Announces Pittsburgh Rally

Shares of U.S. Steel soared 21% as investors interpreted the post on Truth Social to mean Nippon Steel’s takeover was nearing completion. “This will be a planned partnership, which will create at least 70,000 jobs,” Trump said in a post. Trump added that the bulk of that investment would occur in the next 14 months.

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41m ago

U.S. Steel headquarters to remain in Pittsburgh as part of "planned partnership," Trump says

U.S. Steel and Nippon Steel will enter into a "planned partnership," Mr. Trump says. The president says the partnership will create at least 70,000 jobs and add $14 billion to the economy. The deal has drawn criticisms from both political parties.

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46m ago

President Trump Approves US Steel, Nippon Steel Partnership - United States Steel (NYSE:X)

President Donald Trump announced on Friday that United States Steel Corp. X and Nippon Steel will enter a partnership. The collaboration is projected to generate 70,000 jobs and inject $14 billion into the U.S. economy. The headquarters will stay in Pittsburgh, with most investments occurring in the next 14 months.

MIDDLE

1h ago