Trump declares a “partnership” between the United States Steel and the Japan -based Napon Steel

President Trump said on Friday that the American steel will keep it The headquarters in Pittsburgh As part of what he called a “planned partnership” between the American iconic steel maker and Japan -based Nippon Steel, which contains Sought.

The Nippon Steel offer was approximately $ 15 billion to buy the United States steel It was banned by former President Joe Biden. After Mr. Trump became president, he was undergoing another National security review By the foreign investment committee in the United States.

“I am proud to announce that, after a lot of consideration and negotiation, the United States will remain the solid in America, and keep its headquarters in the great city of Pittsburg,” President ” He wrote about social truth. “For many years, the name, the” United States Steel “was synonymous with greatness, and now it will be again. This will be a planned partnership between the United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $ 14 billion to the US economy.”

US Steel shares jumped by 21 % on the news, and continued to rise in post -sales circulation.

The president also said that he would carry a “great gathering” in the United States in Pittsburgh on Friday, May 30.

The White House immediately did not make further clarification, and it was unclear who would have the American steel under the ranking.

The United States praised Mr. Trump on Friday, saying in a statement: “President Trump is a bold leader and a businessman who knows how to get the best deal for America, American workers and American manufacturing.”

“The United States will remain an American steel, and we will grow larger and stronger through a partnership with Nippon Steel, which brings huge investments, new technologies and thousands of jobs over the next four years,” the company said. “The United States highly estimates the leadership of President Trump and the personal interest of thousands of steel workers and our iconic company.”

“He praises President Trump for his bold work to agree to our partnership with the United States,” Nippon Steel said in a statement, but he did not provide additional details about the conditions of the deal.

“We are sharing the Trump administration’s commitment to protect American workers, the American steel industry, and American national security,” Nippon Steel said, describing the agreement, “The game changed – for the United States and all stakeholders, including the American steel industry.”

Mr. Trump has imposed 25 % tariff On all foreign steel imports in an attempt to keep industry players in the United States

Nippon Steel’s attempt to buy the United States

Nippon Steel’s attempt to buy the American company has always guaranteed plans to maintain its headquarters. to SweeteningNippon Steel made a $ 2.7 billion commitment to upgrading facilities in Pennsylvania and Indiana at the top of a previous commitment to spend $ 1.4 billion.

David Burit, CEO of USS Steel last September, warned that if the deal is banned, the United States will work “largely”, and will raise “serious questions” about staying its headquarters in Pittsburgh.

The Board of Directors and shareholders in the United States approved the Nippon Steel offer last year. The United Nations Union opposed it. The union had no immediate comment on Friday.

During the campaign, Mr. Trump said he opposes the deal, and before assuming his position repeat It was “against the great United States company that was once purchased by a foreign company.”

President Biden also opposed the deal, and after months of review Make a decision In early January to prevent it. The two companies The lawsuits submitted response.

Then in February, Mr. Trump suggested that Nippon steel You will not buy us steel, as you plan, but it will be invested instead in the United States.

Nippon Steel President said that converting US steel to a subsidiary is fully owned The starting point of the negotiationsAccording to recent reports from Nikki thingWho said companies also discussed many other proposals.

“The United States is a very special company. We don’t want to go to Japan or anywhere else, so we are working with them. I don’t know if they need any money now, I will be honest with you. They hit gold,” Mr. Trump said In the White House last month.