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CEO North America > News > U.S. Steel and Nippon Steel to enter $14 billion partnership

U.S. Steel and Nippon Steel to enter $14 billion partnership

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Trump to block Nippon Steel’s takeover of US Steel
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President Trump has announced a partnership between U.S. Steel and Japanese corporation Nippon Steel. The President stated that thousands of jobs will be created in Pennsylvania as a result of the multi-billion-dollar collaboration.

Trump wrote on Truth Social, “I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh. For many years, the name, ‘United States Steel’ was synonymous with Greatness, and now, it will be again. 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 Dollars to the U.S. Economy.”

To celebrate the agreement, Trump announced that he would visit the U.S. Steel headquarters in Pittsburgh.

The President wrote, “The bulk of that Investment will occur in the next 14 months. This is the largest Investment in the History of the Commonwealth of Pennsylvania. My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA. From Pennsylvania to Arkansas, and from Minnesota to Indiana, AMERICAN MADE is BACK. I will see you all at US Steel, in Pittsburgh, on Friday, May 30th, for a BIG Rally. CONGRATULATIONS TO ALL!”

Pennsylvania Senator Dave McCormick stated, “This partnership is great for the economy, great for national security, and great for the hardworking people of Pennsylvania. I am proud to stand by President Trump as he lives up to our shared promise to rebuild U.S. manufacturing and deliver for America’s workers.”

By CEO NA Editorial Staff 

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