Trump says that the US steel remains under American control after business

US President Donald Trump said on Sunday that the United States States Corp. Even after the “planned partnership” remains under American control, which with Japan's Nippon Steel Corp. is fake who strives to acquire it.

“It is controlled by the United States. Otherwise I would not complete the deal,” said Trump reporters in New Jersey. “It is an investment and it is a partial property, but it is controlled by the USA,” he said.

The president did not refer to the details of the Japanese steel manufacturer plan to acquire the legendary but fighting steel manufacturer.

Trump said on Friday on social media that the two companies should sign a partnership that will create at least 70,000 jobs and will provide the world's largest economy an increase of $ 14 billion.

“After long considerations and negotiations, US steel stays in America and kept his headquarters in the big city of Pittsburgh,” said Trump about the social truth.

He also said the majority of Nippon Steel's investment would take place in the next 14 months.

Trump's approval came after a committee of federal authorities checked Nippon Steel's plan in consultations that started last month at the President's request, but he did not announced the details of the potential acquisition program.

Both Nippon Steel, the fourth largest producer of the world of the world steel association, and the 24th largest US steel, have welcomed the president's decision.

Related cover:

Japan says to make his economic importance more clearer for us during tariff discussions

Trump advertises “partnership” between Japan's Nippon Steel, US Steel, “Partnership”

The new US envoy arrives in Japan and promises to counteract China