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Trump says US will control US Steel as part of Nippon deal
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Trump says US will control US Steel as part of Nippon deal
May 26, 2025 1:47 PM

MORRISTOWN, New Jersey, May 25 (Reuters) - President

Donald Trump said on Sunday that the United States will have

control over U.S. Steel as part of the company's

partnership with the Japanese company Nippon Steel ( NISTF ).

As part of the deal announced on Friday, Nippon Steel ( NISTF ) plans

to invest $14 billion into U.S. Steel's operations, including up

to $4 billion in a new steel mill. Trump said on Friday the

merger would create 70,000 jobs.

Pressed for more details of the agreement, Trump on Sunday:

"It will be controlled by the United States, otherwise I

wouldn't make the deal."

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