President Donald Trump signed an executive order Friday that paves the way for U.S. Steel’s partnership with Japan’s Nippon Steel through a National Security Agreement.
The agreement secures more than $11 billion in new steelmaking investments within the United States by 2028.
These substantial investments are projected to generate more than 100,000 new employment opportunities for American workers across the steel manufacturing sector.
The deal grants the U.S. government a critical “golden share” in the partnership arrangement.
This provision includes specific commitments regarding corporate governance structures, domestic production requirements and international trade obligations that will ensure American interests remain protected.
Trump’s executive order represents a significant milestone that moves the protracted 18-month negotiation process substantially closer to final completion.
The complex saga has involved two comprehensive previous national security reviews conducted by federal agencies and has faced sustained opposition from labor unions concerned about an outright acquisition by the Japanese steel conglomerate.
The presidential order establishes the framework that permits the merger to proceed forward if both multinational companies successfully enter into a comprehensive agreement with the Treasury Department.
This critical agreement must thoroughly address and resolve all outstanding national security concerns and potential risks related to the proposed transaction.
U.S. Steel and Nippon Steel released a joint statement regarding the partnership.
“This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again,” the companies stated.
Fox Business reported that the companies announced they had successfully completed the comprehensive review process with the U.S. Department of Justice following extensive scrutiny of the proposed partnership terms.
They indicated that “all necessary regulatory approvals for the partnership have now been received, and the partnership is expected to be finalized promptly,” signaling the deal’s movement toward final implementation.
Trump explicitly acknowledged potential national security risks that require ongoing attention in his detailed executive order.
“I additionally find that the threatened impairment to the national security of the United States arising as a result of the Proposed Transaction can be adequately mitigated if the conditions set forth in section 3 of this order are met,” Trump wrote in the official document, per Trending Politics.
The president expressed measured optimism about the prospects for reaching a comprehensive final agreement that satisfies all stakeholders.
The Committee on Foreign Investment in the United States (CFIUS) maintains full authority to implement and rigorously enforce national security protection measures throughout the transition period until the partnership receives complete final approval from all relevant federal agencies.
Trump addressed thousands of steel workers in Pittsburgh, Pennsylvania last week.
During this appearance, he pledged the deal would allow Nippon Steel to invest in U.S. Steel without completing an outright acquisition.
Nippon Steel originally proposed purchasing U.S. Steel in 2023 for $14.9 billion.
Political opposition and union resistance placed the deal on hold.
U.S. Steel manager Josh Matthews praised the arrangement.
“It’s great for the company, it’s great for the community and great for Western Pennsylvania,” Matthews said.
The United Steelworkers Union (USW) remains cautious about the agreement. USW International President David McCall issued a statement expressing ongoing concerns.
“Whatever the deal structure, our primary concern remains with the impact that this merger of U.S. Steel into a foreign competitor will have on national security, our members and the communities where we live and work,” McCall stated.
McCall emphasized the union’s desire to review the final agreement before making any definitive judgments.
“Any final deal that may emerge from discussions between the merger parties and the federal government must be viewed through that lens, and not the lens of wishful thinking that has been adopted by far too many politicians and others,” he said.
The union president referenced the organization’s negotiating experience.
“Our members know from decades of negotiating contracts: Trust nothing until you see it in writing,” McCall concluded.
The post Trump Greenlights $11B Steel Deal That Could Create 100,000 American Jobs appeared first on Resist the Mainstream.
Click this link for the original source of this article.
Author: Jordyn M.
This content is courtesy of, and owned and copyrighted by, https://resistthemainstream.org and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
