A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.

Mr. Trump celebrated what he calls a partnership between U.S. Steel and Japan-based Nippon on Friday, sharing details about commitments in the partnership and increased tariffs on imported steel.

President Donald Trump is scheduled to travel to Pittsburgh on Friday to herald the partnership — a move he initially opposed and pledged to block.

President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.

If the US gets a 'golden share' of Nippon Steel's takeover of US Steel, it would be the latest example of how Washington, D.C. increasingly has a say in the operations of major companies.

The U.S. government will have veto power over key decisions relating to U.S. Steel , as part of a deal with Nippon Steel that would approve the Japanese firm's bid for the well-known American steel company,

U.S. Sen. David McCormick says an arrangement for Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of U.S. board members and U.S. government approval over certain corporate functions.

Modified agreement keeps American control while securing Japanese investment, despite previous opposition from Trump and GOP senators.