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.

Middle

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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22h 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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22h 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

22h 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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22h 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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22h 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

22h 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.

RIGHT

22h ago

Trump announces US Steel-Nippon Steel 'partnership': Reaction from Pennsylvania lawmakers

President Trump announced a partnership between Pittsburgh's US Steel and Japan's Nippon Steel. He says it will create at least 70,000 jobs and add billions of dollars into the US economy. Within the last hour we heard from the United Steel Workers Union about it, which is also based in Pittsburgh.

MIDDLE

18h ago

Nippon purchase of U.S. Steel gets Trump's approval for 'planned partnership'

President Trump approves $14.9 billion merger of U.S. Steel and Nippon Steel. Announcement reverses Biden administration's decision to block sale earlier this year. Trump anticipates the merger will create 70,000 jobs and add $14 billion to the economy.

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Today

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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22h ago

JUST IN: President Trump Announces BIG Rally on May 30 to Celebrate Massive Investment in US Steel - Partnership with Nippon Steel will "Create at Least 70,000 jobs, and Add $14 Billion Dollars to the U.S. Economy"

U.S. Steel will stay in America and add billions of dollars to the economy. President Trump made the announcement in a Truth Social post on Friday. As of 2022, U.s. Steel was the 27th largest steelmaker in the world, producing about 14.5 million tons of liquid steel annually.

RIGHT

5h ago

Trump says US Steel will keep HQ in Pittsburgh in a sign he'll approve bid by Japan-based Nippon

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MIDDLE

23h ago