Donald Trump signed an executive order allowing Nippon Steel's investment in US Steel, conditional on compliance with a national security agreement. The partnership plans to invest $11bn by 2028, ensuring the US government has a 'golden share' to protect national interests. US Steel and Nippon Steel expressed gratitude for Trump's leadership, emphasizing the deal's potential benefits for communities and families. The investment had previously faced delays due to national security concerns, but with regulatory approvals now in place, the companies aim to finalize the partnership soon.
This partnership will bring a massive investment that will support our communities and families for generations to come.
The agreement stipulates that approximately $11bn in new investments will be made by 2028 and includes giving the US government a golden share.
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