Merging the American steel with Nippon approved under the National Security Agreement

president Donald Trump It issued an executive order on Friday that approves the United States’ steel integration with Nippon Steel in Japan through the National Security Agreement (NSA).

NSA includes a commitment to more than $ 11 billion in new investment in the United States steel industry by 2028 and the creation of more than 100,000 jobs.

The deal also gives the US government a “golden session” of the integration process, which includes obligations to governance, local production and trade.

“This partnership will bring a tremendous investment that supports our societies and families for future generations. We look forward to setting our obligations to work to make the American steel industry wonderful again.” He said in a statement.

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The companies said that they have completed the process of reviewing the US Department of Justice and “all the necessary organizational approvals for the partnership has now been received, and it is expected that the partnership will be completed immediately.”

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Trump’s executive order, which signed on Friday, said that the deal could still constitute the risks of national security, as raised by the president Joe Biden When the deal was prevented in January 2025.

Since the partnership is in line with its final approval, the US Foreign Investment Committee (CFIUS) is authorized to implement measures and enforce it to protect US national security until the partnership is completed.

Last month, Trump described the steel deal that will allow Nippon Steel to invest in the United States from steel without obtaining the company directly to the company during a march with steel workers in West Miflin, Pennsylvania.

Nippon Steel initially suggested buying US steel in 2023 for $ 14.9 billion, but the deal was suspended due to the political opposition.

Biden banned the deal On the basis of national security in January before leaving the position, although the two companies filed a lawsuit that the CFIUS operation was unfair.

The Trump administration launched a new review of the deal in April, and the president himself recently indicated his support last month that the partnership will allow Nippon Steel to invest without taking full ownership of American steel.

Trump then agreed to the Nippon Steel partnership with US Steel, describing it as a “wonderful agreement” that guarantees that the company “remains an American company”.

Speaking at Mon Valley Works Orth Irvin outside Pittsburgh last month, Trump assured the workers that “there will be no good layoff and no external outsouruing at all,” and announced that he would double the definitions of foreign steel to 50 % while “all steel workers in the United States will soon get a reward of $ 5,000.”

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The United States is also expected to maintain its name and based in Pittsburgh, as well as the leadership team. Nippon previously said that she will invest billions of dollars in upgrading US steel facilities in the Monnonghilla Valley in Pittsburgh, as well as Gary’s work in Indiana.

Eric Rafel and Jasmine Bayer contributed to this report.