Trump doubles steel tariffs
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Speaking at a U.S. Steel plant in Pennsylvania, President Donald Trump touted his administration’s economic successes and promoted the “big, beautiful" budget bill.
The bulk of expenditures would be made in the next 14 months, he said, and it will create and save over 100,000 American jobs, including 14,000 in Pennsylvania. As part of the deal, U.S. Steel will maintain all its current operating blast furnaces at full capacity for at least the next 10 years.
U.S. President Donald Trump heads to the Pittsburgh, Pennsylvania, area on Friday to headline a rally to celebrate Nippon Steel's "planned partnership" with U.S. Steel, signaling final approval for the deal could be on the horizon.
Modified agreement keeps American control while securing Japanese investment, despite previous opposition from Trump and GOP senators.
President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.
President Trump will visit the Pittsburgh area after announcing a deal with Nippon Steel described as a "partnership" with U.S. Steel that will keep the company's headquarters in America. Jim Donovan has your morning headlines with weather from Meteorologist Kate Bilo.
The Japanese firm's planned acquisition of U.S. Steel, initially floated in 2023, divided the politically important state of Pennsylvania and its heavily unionized blue-collar workforce.