Partnership between U.S. Steel and Nippon Steel

Trump Announces Major Job-Creating Deal That Biden Blocked on His Way Out the Door

President Donald Trump endorsed a “planned partnership” Friday between U.S. Steel and Nippon Steel, claiming the deal between the two steel giants will constitute the largest economic investment in Pennsylvania’s history.

The president’s decision to greenlight a partnership between the Japanese steel company and its American rival producer caps off a years-long fight over the fate of the iconic Pennsylvania company, U.S. Steel.

Trump announced the steel company will remain headquartered in Pittsburgh and that the Japanese steel company’s investments will add at least 70,000 jobs to the economy.

The Trump administration’s endorsement of a U.S. Steel-Nippon Steel partnership follows former President Joe Biden’s decision to block the sale of U.S. Steel to its Japanese competitor for nearly $15 billion in January, citing national security and supply chain concerns.

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