U.S. Steel and Nippon Steel Secure Trump-Backed Partnership
TL;DR Summary
US Steel and Nippon Steel announced an agreement with the US government to formalize their partnership, after initial opposition from former President Biden over national security concerns, and a revival of the deal under President Trump. The deal involves a $14.9 billion acquisition by Nippon Steel of US Steel, which has not been officially altered despite the new partnership language.
- U.S. Steel and Nippon Steel Say Their ‘Partnership’ Is Sealed The New York Times
- Trump approves U.S. Steel merger with Japan’s Nippon after companies sign national security agreement CNBC
- With national security agreement signed, U.S. Steel and Nippon can consummate their deal Pittsburgh Post-Gazette
- Regarding the Proposed Acquisition of the United States Steel Corporation by Nippon Steel Corporation The White House (.gov)
- US Steel and Nippon Steel say Trump has approved their partnership CNN
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