U.S. President Donald Trump has announced a ¡°partnership¡± between Nippon Steel and U.S. Steel, with press reports indicating that this signals the approval of a takeover of the iconic American company by the Japanese steelmaker.
¡°I am proud to announce that, after much consideration and negotiation, U.S. Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,¡± Trump wrote in a Truth Social post Friday.
¡°This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $$14 Billion to the U.S. Economy,¡± Trump continued, while adding the investment will occur in the next 14 months.
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