Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms
WASHINGTON — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel , so long as the Japanese company complies with a 'national security agreement' submitted by the federal government.
Trump's order didn't detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a 'golden share' — essentially veto power to ensure the country's national security interests are protected.
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