Trump OKs Nippon Steel investment in U.S. Steel
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NEW YORK — The partnership between US Steel and Nippon Steel has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called "golden share" advantage obtained by President Donald Trump's administration.
The move will also prevent Nippon Steel from transferring production or jobs outside the U.S. without consent of the U.S. president.
U.S. President Donald Trump said on Thursday the United States had a "golden share" in U.S. Steel as part of a deal for Nippon Steel to buy the iconic American company.