Overview

• President Trump will headline a rally at U.S. Steel’s Irvin Works plant in Pennsylvania to mark his administration’s endorsement of a revised deal with Japan’s Nippon Steel.
• The proposed arrangement includes a $14 billion investment in U.S. Steel operations, retention of an American CEO and majority-U.S. board members.
• A so-called “golden share” would grant the U.S. government veto power over key corporate decisions to address national security concerns.
• Neither Nippon Steel nor U.S. Steel have released final terms, leaving details of ownership structure and investment allocations undisclosed.
• The United Steelworkers union remains skeptical, arguing Nippon has not altered its insistence on full ownership and demanding clarity on job protections.