Sen Dave McCormic, A-P.
chairman Donald Trump An executive order was issued on Friday, approving the merger of US Steel with Nippon Steel of Japan through a National Security Agreement (NSA).
The NSA includes a commitment to more than $ 11 billion in new steelmaking investments in the United States by 2028 and a commitment in building more than 100,000 jobs.
The deal also gives the “golden part” of the merger to the US government, including commitments for governance, domestic production and trade.
US Steel and Nippon Steel Companies said, “This partnership will bring a large -scale investment that will support our communities and families for the coming generations. Said in a statement,
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Trump spoke to supporters on May 30, 2025 during a rally at West Miflin, US Steel-Irwin Works at Pennsylvania. President Trump visits the steel factory after greenlitting the long proposed merger between American Steel and Tokyo-based nippon stay (Jeff Swensen / Getty Images / Getty Images)
Companies said that they have completed the review process of the US Department of Justice and “all necessary regulatory approval for partnerships have now been received, and the partnership is expected to finalize immediately.”
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Trump’s executive order was signed on Friday that the transaction may still pose a national security risk, as has been raised by the President Joe Biden When he blocked the deal in January 2025.
Since the partnership is ready for its final approval, the Committee of Foreign Investment in the United States (CFIUS) is authorized to implement and implement measures to protect US national security until the partnership is finalized.
Last month, Trump postponed the steel deal, which would allow Nippon Steel to invest in American steel without the company’s lump sum acquisition during a rally with Steelworkers at West Miflin, Pennsylvania.
Former President Joe Biden speaks on Tuesday, May 14, 2024 at the Rose Garden of the White House at Washington, DC. (Teeryni L. Cross / Bloomberg Getty Embolce / Getty Image)
Nippon Steel initially proposed to purchase US Steel for $ 14.9 billion in 2023, but the deal was stopped due to political opposition.
Biden blocked the deal On the national security basis in January before leaving the office, although the two companies filed a lawsuit in which the CFIUS process was unfair.
The Trump administration launched a new review of the deal in April and the President recently indicated his support that partnership would allow Nippon Steel to invest without taking full ownership of American Steel.
“Members of Steelworkers” for Trump pose with former US President and Republican Presidential candidate Donald Trump, as he gave him a tough cap during a campaign rally at Arnold Palmer Regional Airport in Latrobe, Pennsylvania, on 19 October, 2024
Trump then approved the partnership of Nippon Steel with American Steel, calling it a “a blockbuster agreement”, which the company remains “up to an American company.”
Speaking at the Mon Valley Works Irwin plant outside Pittsburgh last month, Trump assured the workers that “there would be no retrenchment and there would be no outsourcing,” and he announced that he would double the tariff of up to 50% on foreign steel, while “every US Steelor will soon get a well -valued $ 5,000 bonus.”
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The US Steel is also expected to keep its name and Pittsburgh headquarters as well as its leadership team. Nippon earlier said that it would invest billions in increasing Gary works in Indiana along with upgrading American steel facilities in Monghela Valley of Pittsburgh region.
Eric Rewel and Jasmine Behar contributed to this report.
