The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.

President Trump on Friday cleared way for Nippon Steel purchase of U.S. Steel, including unusual control for the president.

An unusual move by the Trump administration to give itself a golden share in U.S. Steel as part of a deal to approve Nippon Steel's takeover of the well-known U.S. company could drive away foreign investors,