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Trump administration offers some details of how it would control US Steel, but union raises concerns
The Pittsburgh-based steel maker and Nippon Steel plan $11 billion in new investments by 2028 after indicating that they plan to move forward with the deal under the terms of a national security agreement that has the White House’s approval.
The costs include the promise to invest US$14 billion over coming years and significant concessions to US government. Read more at straitstimes.com. Read more at straitstimes.com.
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel
President Trump signs executive order allowing U.S. Steel partnership with Japan's Nippon Steel, with an $11 billion investment commitment.