Trump says “Us Steel will stay in America” ​​according to partnership contract with Nippon

President Donald Trump announced on Friday that “Us Steel will stay in America” ​​and keep his headquarters in Pittsburgh with a new “partnership” with Japan's Nippon Steel.

The deal, which the White House described as the main victory for the US production, shifts from a complete foreign acquisition and instead brings fresh capital into the operation of steel domestic steel.

Trump said the agreement would create at least 70,000 jobs and bring $ 14 billion into the American economy in the next 14 months.

Trump's tariff by 25% for all steel, aluminum imports

With the arrangement, Nippon Steel can invest in US steel without taking full responsibility.

The company will maintain its American name, headquarters and its management team and at the same time use the means to upgrade and expand factories, said politico. The partnership focuses on the modernization of business activities without handing over the company control.

This new deal replaces Nippon's earlier offer of 14.9 billion US dollars to acquire the US steel directly.

According to Reuters, this proposed sale, which was first announced in December 2023, quickly attracted strong opposition from both parties and the United Steelworkers Union. The Trump government officially blocked the acquisition in early 2025, citing national security concerns regarding the foreign property of critical infrastructure.

Instead of giving up the idea completely, Trump instructed his team to get a compromise. The President publicly asked Japan to “invest, not to buy”, an attitude that he repeated during a appearance in February together with the Japanese Prime Minister. A new review of the committee for foreign investments in the United States (CFIUS) rejected revised agreement on Friday.

Trump's announcement was welcomed by Josh Shapiro, Governor of Pennsylvania on Friday, who said that he had worked closely with Nippon, Us Steel and the White House since the deal was proposed for the first time.

“Since the day on which this proposed transaction has been announced, governor [Austin] Davis and I worked together with the leadership of Nippon and the US steel, laboratory and federal, state and local partners to keep the best offer to keep us in Pittsburgh, to secure the work of the Union and the future of steel production in West Pennsylvania, “said Shapiro in a statement.

“During the entire process, I said that my priority was to keep and increase jobs here in Pennsylvania and to receive the greatest investment that we may have been able to do for our Commonwealth – as I expressed President Trump directly when we discussed this transaction in recent days.

Mike Pompeo defends us Steel, Nippon Deal, asks Trump to do the same

“Now that President Trump, who has sole decision-making in the CFIUS process, has expressed his support for the deal, we have the opportunity to provide historical investments that the future of American steel production continues through the montal while the headquarters stay steel when we are in Pittsburgh and in the workers.

Nippon Steel praised the government's decision and said in a statement: “Nippon Steel welcomes President Trump for his courageous measure to approve our partnership with US -Stahl.”

“We share the commitment of the Trump administration for the protection of the American workers, the American steel industry and the national security of America,” said the company and called the partnership “a player for US steel and all its stakeholders, including the American Steel industry and the broader American production base.”

Us Steel repeated this message on Friday and Trump's direct engagement for securing the deal.

“President Trump is a brave guide and businessman who knows how to get the best offer for America, American workers and American production,” said the company in a statement. “Us Steel will remain American, and we will become larger and stronger through a partnership with Nippon Steel, which brings massive investments, new technologies and thousands of jobs over the next four years.

“Us Steel appreciates the management of President Trump and personal attention for the future of thousands of steel workers and our legendary company.”

Nippon Steel has committed to plants in Pennsylvania, Indiana, Minnesota and Arkansas into large -scale improvements in the plants, Reuters reported.

When Nippon Steel made his first offer for US Steel at the end of 2023, former President Joe Biden blocked the move.

Nippon, which already operates smaller activities in the USA, plans to bring advanced steel production technology to the factories of US steel. According to company officials cited by Reuters, this includes environmentally friendly methods and high -performance alloys that make American plants more competitive worldwide.

According to Reuters, Us Steel's share rose by more than 20%according to the president's order after a new review. The US Chamber of Commerce praised the agreement and said that it strengthens domestic production and builds up a stronger economic bonds into a key ally.

ticker	Security	Last	Change	Change %
X	United States Steel Corp.	52.17	+9.27	+21.61%

Not everyone is convinced. The United Steelworker's Union, which Trump had praised for blocking the original acquisition, is still cautious with foreign participation. In a statement cited by etc., the etc. President David McCall said that the partnership was better than a buyout, but still stronger guarantees to protect the US jobs and production in the long term.

He plans to visit the Pittsburgh headquarters by US Steel on May 30 for a rally that the agreement has celebrated.

Get Fox Business on the go

“From Pennsylvania to Arkansas and from Minnesota to Indiana, American Made is back,” Trump wrote about the social truth.

The White House did not react immediately to the request from Fox Business after comment.