Harrispurg, Pennsylvania (AP) – American Senator David McCromic He said on Tuesday that the arrangement that will allow the Japan -based Nippon Steel to invest in the United States Steel will ensure an American executive, and a majority of the members of the Board of Directors from the approval of the United States and the US government for some companies’ jobs.
Senator in Pennsylvania spoke about CNBC, four days after the presidentDonald TrumpHe suggested that an agreement on a “partnership” was hand in hand to solve Nippon Steel’sAlmost $ 15 billion in offerTo buy the famous American steel that was banned on national security.
the nextHis statement on FridayOn Sunday, Trump told reporters that the United States will be controlled by the United States.
McCromicHe described the veto in the US government as a “golden share” and suggested that the idea was the proposal of Nippon Steel.
Nippon Steel has not yet explained anything about whether he was ready to accept the concept that Trump and Corcramic described instead of trying to buy the company.
Since it sought to beat US officials amid a national security review, Nippon Steel has gradually increased the amount of money he pledged to invest in the United States hard in addition to the purchase offer. This amount now amounts to $ 14 billion, according to Trump, Corc Cormaker and Pennsylvania, Senator Kim Ward, who estimates the deal at $ 28 billion.
A wanted office said that this investment, which costs $ 14 billion, includes building a new electric oven – a more modern steel factory that melts scrap – somewhere in the United States.
It also directs 2.4 billion dollars to US steel facilities in the Pittsburgh region, including Edgar Thompson and Horte Forise workshops directly outside Pittsburgh that was built in the nineteenth century and built a new research and development center at the University of Carnegie Mellon in Pittsburg.
“Continue to do everything in their power, they offered everything in their power to make investment better for the Trump administration and review President Trump,” said US MP Dan Meather, who met last week with Trump to discuss the deal.
To solve concerns related to national security, McCromic said that the deal involves the “National Security Agreement” that Nippon Steel will sign with the US government.
This requires the American CEO, an American majority council and a golden share that requires the approval of the US government to a number of members of the board of directors that allow the United States to ensure that production levels are not reduced.
McCromic said that Nippon Steel will have members of the Board of Directors and the entity will be “part of the comprehensive structure of the company.”
He also said that Nippon Steel gets what they want, which is to reach the American market and the benefits of long -term protectionAmerican definitionsAnalysts say it has helped stimulate local steel.
“I think they know what they are entering,” said McCromic. “They negotiated it. They were their suggestion, and I think they saw it was a great strategic step for them and one wonderful for the United States.”
Many aspects have been launched by McCormick and Trump by Nippon Steel.
Our headquarters at Steel has always been part of Nippon Steel’s attempt to buy it. Nippon pledged to put steel as part of a plate consisting of the majority of American citizens, with an administrative team consisting of American citizens.
Nippon Steel has also pledged not to perform workers ’layoffs or closing plants as a result of treatment, to protect American steel interests in commercial issues and that they will not import steel panels that will compete with US steel casting ovens.
Nippon Steel issued a statement approved on Friday and said that “the partnership between Nippon Steel and Us Steel is a changing games.” But he did not describe the conditions of a deal or say whether she had agreed to any final conditions.
The US Board of Directors of Steel and shareholders have approved the Nippon Steel offer, but the United Solid Workers Union opposed itIt has been bannedBy former President Joe Biden on his way out of his post. After Trump became president, I subjected her to anotherNational security reviewBy the foreign investment committee in the United States.
United Nations workers said on Tuesday that he could not speculate a golden or partnership. However, he said it remains concerned that the United States of steel is a decisive product in a critical local industry and that Nippon Steel is a foreign company with a busy record in violating American trade laws.
The combination of Nippon Steel – the fourth largest steel producer in the world – and the United States – the twenty -largest in the world – will create the third largest steel producer in the world in an industry dominated by Chinese companies and Chinese companies, according to the World Steen Association figures since 2023.
This story was originally shown on Fortune.com
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