Trump announces “partnership” between Nippon Steel in the USA Stahl and Japan

President Trump said on Friday that US Steel would keep his Headquarters in Pittsburgh as part of what he described as a “planned partnership” between the legendary American Steelmaker and Japan -based Nippon Steel tried to buy it.

Nippon Steels offer of almost 15 billion US dollars for buying US steel Blocked by former President Joe Biden. After Mr. Trump had become president, it was subject to another National security check from the committee for foreign investments in the United States.

“I am proud to be able to tell you that Us -Stahl will remain in America after many considerations and negotiations and will keep his headquarters in the big city of Pittsburgh,” the president wrote about the social truth. “The name 'United States States' has been a synonym for size for many years, and now it will be again. This will be a planned partnership between the United States Steel and Nippon Steel, which will create at least 70,000 jobs and add $ 14 billion to the US economy.”

The stocks of US Steel rose by 21% in the news and continued to rise in the Aftermarket trade.

The President also said that on Friday, May 30th, he would hold a “big rally” in Pittsburgh in Pittsburgh.

The White House did not offer further clarification immediately, and it was unclear who would have US steel as part of the arrangement.

Us Steel praised Mr. Trump on Friday and said in a statement: “President Trump is a brave guide and businessman who knows how to get the best offer for America, American workers and American production.”

“Us Steel will remain American, and we will become bigger and stronger through a partnership with Nippon Steel, which in the next four years brings massive investments, new technologies and thousands of jobs,” said the company. “Us Steel appreciates the management of President Trump and personal attention for the future of thousands of steel workers and our legendary company.”

In a statement, Nippon Steel said that “President Trump for his courageous measure to approve our partnership with US steel” no longer delivers the conditions of the business.

“We share the commitment of the Trump government to protect American workers, the American steel industry and the national security of America,” said Nippon Steel and named the agreement “A Game Changer -for US steel and all of its stakeholders, including the American steel industry”.

Mr. Trump has raised 25% tariffs For all foreign steel imports to keep the actors in the USA in the United States

Nippon Steel's offer to buy us steel

Nippon Steel's offer to buy the US company had always started plans for the storage of the headquarters. In order to sweeten the deal, Nippon Steel had an obligation of 2.7 billion US dollars to improve facilities in Pennsylvania and Indiana in addition to an earlier commitment to the issue of 1.4 billion US dollars.

David Burritt, CEO of US Steel, warned last September that, if the deal was blocked, US steel warned “largely coil” and “serious questions” on the remaining headquarters in Pittsburgh.

Us Steel board and shareholders approved Nippon Steel's offer last year. It was rejected by the United Steelworkers Union. The union did not have an immediate comment on Friday.

During the campaign, Mr. Trump said that he had opposed the deal and before taking office, he repeated “completely against the once large and powerful US steel, which was bought by a foreign company”.

The then President Biden also rejected the deal, and after months of review he made a decision At the beginning of January to block it. The two companies Submitted complaints As an answer.

In February, Mr. Trump then suggested that Nippon Steel would not buy us as planned, but that he would invest in US steel instead.

The President of Nippon Steel said The starting point of the negotiationsAccording to the latest reports from Nikkei Asia, in which the companies also discussed various other suggestions.

“Us Steel is a very Special Company. We Don't Want To Go to Go Japan Or any other Place, so We'Re Working With. I don't know if they needs Now, i'll be honest with you. They've Hit Gold,” Said Mr. Trump In the White House last month.