U.S. Steel, Donald Trump and Nippon
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The two steel companies list “a golden share to be issued to the U.S. government” among the aspects of what they call a partnership agreement.
US Steel's collaboration with Nippon Steel has received approval after national security assurances were confirmed, retaining the "golden share" benefit. Former President Trump endorsed the partnership through an executive order,
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Free Malaysia Today on MSNTrump approves Nippon Steel’s US$14.9bil purchase of US SteelThe takeover allows the Japanese firm to tap into key US infrastructure projects, while rivals face steep 50% tariffs.