Trump Greenlights Strategic Alliance Between US Steel and Nippon Steel

President Donald Trump has green-lighted a collaboration between US Steel and Nippon Steel, as announced in a Friday release. The companies expressed anticipation in executing their commitments to revitalize American steel production and manufacturing. Alongside this partnership, they also established a national security agreement with the US government, according to their statements. This partnership follows a previously contentious deal that faced bipartisan backlash, including a blockade by former President Joe Biden earlier this year. However, Trump rescinded his opposition, viewing US Steel’s revival as a cornerstone of the manufacturing rejuvenation he envisions for the nation. “Trump has kept his promise to safeguard American jobs and steel,” stated White House spokesperson Kush Desai. The national security accord entails around $11 billion in new investments by 2028, encompassing governance provisions like a “golden share” for the US government. Shares of US Steel rose 5% in after-hours trading. Despite historical decline, US Steel aims to reclaim its legacy as a pillar of American industry.