Trump tells the “thorn agreement” between the United States, Nippon: “It remains an American company”

president Donald Trump On Friday, the steel deal that will allow Nippon Steel to invest in the United States steel without obtaining a direct acquisition of the company during a gathering 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. The former president Joe Biden prevented the deal On the basis of national security in January before leaving his post, although the two companies filed a lawsuit that argues this process by the Foreign Investment Committee in the United States (CFIUS) was unfair.

The Trump administration launched a new review of the deal in April, and the president himself recently referred to supporting the deal, as he wrote at the social media publication on May 23 that the partnership would allow Nippon Steel to invest without taking full ownership of American steel. Trump 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 on Friday at Mon Valley Works Oppan outside Pittsburgh, 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 “every steel workers will soon get a reward of $ 5,000.”

He also praised the collected steel workers, saying: “I passed a lot.”

“This is a big deal today. This is a big problem,” Trump added. “You know, I must tell you about Nippon. They kept asking me and continued to reject it. There is no way, in any way, and after about four times, I said, as you know, these people really want to do something great … and you will have control.”

Trump tells a “partnership” in steel with Nippon: “The United States will remain in America”

“You will keep control … every time I have reached, the deal became better and better for workers, because I have not given anyone else.”

Our commitment to Steel affirmed its roots, saying: “It will maintain its headquarters in the great city of Pittsburgh, Pennsylvania, where it belongs.”

index	protection	last	Changing	% Change
x	The United States Steel Corp.	53.82	+0.60	+1.13 %

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.

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In thinking about the conflicts of the previous company and the role of customs tariffs under his previous administration, Trump said: “All steel companies were heading south. They were all in his view.

He added: “For generations, the name of the United States Steel was synonymous with greatness. Now it will be synonymous with greatness … The best and strongest steel on the ground will be forever in America and made in Pennsylvania.”

Last year, David Burit, CEO of Steel, told Steel Wall Street Magazine Nipon’s pledge was needed to invest $ 3 billion to upgrade facilities to maintain the company’s competitiveness. He added that the company “will not do this if the deal is going through” because it lacks the money to make such an investment.

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In the assembly, Trump told the crowd, “You will be happy. You’ll be happy. It’s a lot of money on your way … You will say,” Please, sir, we don’t want this kind of success. It is very much. “But we are really, right?”