Trump Announces US Steel–Nippon Partnership Deal

Contact Your Elected Officials

The president said he would be holding a ‘big rally’ at U.S. Steel in Pittsburgh next week.

WASHINGTON—President Donald Trump announced on May 23 that he has approved the “planned partnership” between U.S. Steel and Japan’s Nippon Steel, stating that the company will stay in Pittsburgh and is expected to create at least 70,000 jobs.

“I am proud to announce that, after much consideration and negotiation, U.S. Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” Trump wrote on Truth Social.

“For many years, the name ‘United States Steel’ was synonymous with Greatness, and now, it will be again. This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs and add $14 billion to the U.S. Economy,” he added.

Trump said that the majority of the investment “will occur in the next 14 months.”

“This is the largest Investment in the History of the Commonwealth of Pennsylvania. My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA. From Pennsylvania to Arkansas, and from Minnesota to Indiana, AMERICAN MADE is BACK,” Trump said.

The president also announced that he would be holding a “big rally” at the U.S. Steel facility in Pittsburgh on May 30.

Nippon Steel, the world’s fourth-largest steelmaker, announced in December 2023 that it would purchase U.S. Steel for $14.9 billion in an all-cash agreement.

A few months later, U.S. Steel shareholders approved the takeover bid.

However, President Joe Biden opposed the deal, citing national security concerns.

“U.S. Steel has been an iconic American company for more than a century, and it should remain totally American,” Biden told union workers during a speech at the United Steelworkers headquarters in Pittsburgh on April 17, 2024.

In early January, weeks before leaving office, Biden blocked the acquisition deal, citing the need to maintain a domestically owned steel industry.

He described steelmaking as a strategic sector vital to U.S. security and resilient supply chains.

By Emel Akan

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Epstein’s Niece Exposes the Illuminati!

There is a shocking interview by the podcaster Shaun Attwood, an English former ecstasy trafficker turned YouTube podcaster, speaker, activist, and author.

When Gynocrats Attack: Innocent Locker Room Talk Interrupted By Rabid Karen

The question posed: “Who do you think has a...

Obama’s Treason is a Betrayal of American Democracy and Demands Real Accountability

Few scandals have cast a longer shadow than the 2016 Russia investigation—the manufactured crisis by President Obama designed to cripple Trump's presidency.

Chronic Grievous Insufficiency

A president's physical vigor, stamina, and mental acuity are essential to his ability to fulfill the duties of office and those qualities should matter with no regard to party affiliation.

COVID-19 Pandemic Accelerated Brain Aging Even in People Who Didn’t Get Virus: Study

Brain aging appears to have accelerated by months during COVID-19 pandemic, even in people who did not get sick from the virus, according to study.

US Witnessing ‘CapEx Comeback’ as Investment Wave Hits Economy: Treasury

The U.S. economy is experiencing a “CapEx Comeback” this year as private-sector investment soars, the Treasury Department said.

New Study: COVID-19 Vaccinations Prevented 2.5 Million Deaths Globally, Mostly Among the Elderly

New global modeling study estimates that COVID-19 vaccinations prevented about 2.5 million deaths worldwide between December 2020 and late 2024.

Success of ‘What If’ Flipped the Script for Both Creator Dallas Jenkins and Star Kevin Sorbo

For the first time, watch this never-seen-before behind-the-scenes footage, “Director’s Diaries,” behind making of the faith-filled classic “What If...”

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50–50 Ahead of Tariff Deadline: Trump

President Donald Trump said there’s a 50–50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habba’s Nomination for New Jersey’s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJ’s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Musk’s Companies to ‘Thrive Like Never Before’

On Thursday, President Trump said, “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”
spot_img

Related Articles