Trump carries a gathering in the United States, where investors seek clarity in Nippon Deal

President Donald Trump will hold a gathering on Friday in A. Steel USA A plant near Pittsburg, a week after indicating that he had cleared a controversial integration with Nippon Steel in Japan.

Trump is scheduled to make statements at 5 pm East at Irvin’s business in the United States in West Miflin, Pennsylvania, according to the White House. Investors and members of the Union will listen to answers from the president about the form that the deal announced between the United States and Nippon.

Trump’s description Deal as a “partnership” In the May 23 publication on its social media platform. The president said the US headquarters will remain in Pittsburg and Nippon will invest $ 14 billion over 14 months in an American industrial icon for more than 120 years.

Trump told correspondents on Sunday that the deal is “an investment, it is partial ownership, but it will be controlled by the United States.” But the White House and companies have provided few details to the public on how to organize the deal since Trump’s announcement.

The United States has described the deal as a “integration” in which it will become a “fully owned by” Nippon Steel “, but it continues to work as a separate company, according to what he said April 8, submitting the Securities and Stock Exchange Committee.

Sources familiar with the matter told CNBC from David Faber that Nippon is expected to be expected Close her acquisition Among the United States is a price of $ 55 per share, the original offer by the Japanese steel maker before President Joe Biden rejected the deal in January. Biden prevented the proposed acquisition of Nippon on the basis of national security, on the pretext that it would endanger the critical supply chains.

But Trump I ordered a new review From the deal in April, he softens his previous opposition to the purchase of Nipon to buy steel. The President announced that the “partnership” one day after the Foreign Investment Committee in the United States (CFIUS) is supposed to conclude their review and a recommendation on whether companies have found ways to “alleviate any risks of national security.”

“National Security Agreement”

Senator Dave McC Corcmond in Pennsylvania said on Tuesday that the United States government will get a “Golden Class” This will allow a decision on a number of seats in the Board of Directors. The United States will have the US CEO and the majority of the Board of Directors will come from the United States McCork.

“It is a national security agreement that will be signed with the United States government,” McCrekmik told CNBC’s, “It is a national security agreement that will be signed with the United States government,”Squawk box“” There will be a golden share that mainly requires the US government’s approval of a number of members of the Board of Directors, which will allow the United States to ensure that production levels are not reduced. “

“The golden share” will not take the form of shares of shares by the US government. Brewer said that the committee that reviewed the deal, CFIUS, was not negotiating the interests of the stocks.

“It is possible that the US government’s right to veto the veto against some measures.

“Nippon Steel will get some participation, but there is no control over the company,” McCromic told CNBC.

“The United States Steel owns the company,” said Navarro. The American commercial actor, Jameson Jarir, told CNBC on Friday that the details of the Nippon Steel deal “remain relatively secret.”

“The basic principle is that the United States must have the control of the main basic sectors, whether it is a basic manufacturing or high technology,” Jarir told Squawk box. “In the event that foreign countries, foreign individuals, or companies want to obtain these companies or obtain significant investments, the United States must maintain control of important things.”

The United States, who originally opposed the deal, said that the union “cannot speculate on the influence of” Trump Declaration “without further information.”

“It remains concerned that Nippon, a foreign company that has a busy record and proven in violating our commercial laws, will erode the ability of local steel and display thousands of good jobs,”, “.