Trump Approves Nippon Steel-U.S. Steel Deal Under Strict National Security Conditions
Trump Approves Nippon Steel-U.S. Steel Deal Under Strict National Security Conditions President Trump has signed an executive order greenlighting Nippon Steel’s investment in U.S. Steel, contingent upon a comprehensive national security agreement. The deal, valued at approximately $28 billion (including a new electric arc furnace planned post-2028), involves a significant $11 billion investment by 2028 and grants the U.S. government a “golden share,” effectively providing veto power over decisions impacting national security. While specifics of the agreement remain undisclosed, it…