Daniel Carter Walters, a resident of Chicago and Brian Pauluk, Pennsylvania Steel Workers, share their ideas on President Donald Trump's tariff policies and investments during their first 100 days of “editing”.
President Donald Trump On Friday, he announced that “US Steel will remain in the US” and keep your headquarters in Pittsburgh through “new partnership” with Japan's Nippon Steel.
The deal, described as a large board for US production, is departing from a complete foreign acquisition and instead brings new capital to domestic steel operations.
Trump said the agreement would create at least 70,000 jobs and inject $ 14 billion into the US economy over the next 14 months.
A 25 % increase in Trump's tariffs in all steel, aluminum imports and causes European retribution
This will allow Nippon Steel to invest in US steel without having full ownership.
While using the budget to update and expand factories, the company will maintain its name, headquarters and leadership team. Pulitico reportedHumanity focuses on renovating operations without delivery of corporate control.
Blast IDled furnaces in Granite City Granite City Steel Corp in Granite City, Ill. , July 5, 2017 works. (Reuters / David Loader / Reuters)
This new deal is replaced by Nippon's $ 14.9 billion bid to obtain US steel.
This proposed sales, first announced in December 2023, quickly attracted heavy opposition from both sides and the Union of Steel Workers, According to ReutersThe Trump administration officially blocked the business in early 2025, citing national security concerns over foreign ownership of important infrastructure.
Instead of abandoning the idea in general, Trump guided his team to seek reconciliation. The President has publicly urged Japan to “invest, not”, repeating the position he reiterated during his February with the Japanese Prime Minister. A new review Led by the Foreign Investment Committee in the United States (CFIUS) erased the amended an agreement on Friday.
Trump's announcement was welcomed by Pennsylvania's President Josh Shapiro on Friday, who said he had worked with Nippon, the United States Steel and the White House since the first offer.
“From the day the deal was announced, the Lieutenant Governor (Austin) Davis and I have cooperated with the leadership of Nippon and the United States of Steel, local work and federal, state and local partners to hold the best deal to keep the US steel office in Pittsburgh, protect the union's business and safety in the West.
“Throughout the process, I have stated that my priority and job growth here in Pennsylvania and achieving the biggest investment may be for our subscriber – as I told President Trump in recent days.
Mike Pompeo defends the United States of Steel, Nippon's deal, asking Trump to do the same
Nippon Steel is working with the United States with steel in a new investment deal approved by President Donald Trump. (Reuters / Issi Kato, File / Reuters)
“Now that President Trump, who has only decision -making in the CFIUS process, has expressed his support for the deal, we have the opportunity to provide historical investments, to make sure that the future of American steel building is still running through the Moon Valley, while the US steel office is here in Pittsburgh.
Nippon Steel praised the government's decision and said in a statement, “Nippon Steel admires Trump's President for his bold action to confirm our cooperation with the United States of steel.”
“We share the Trump administration's commitment to support US workers, the US steel industry and US national security,” the company said.
The US Steel repeated the message on Friday and validated Trump's direct credentials.
President Donald Trump signed executive orders in the elliptical office. (Jabin Botsford / The Washington Post through Getty Images / Getty Images)
“President Trump is a bold and businessman who knows how to make the best deal for the US, US workers and US production,” the company said in a statement. “US Steel will remain, and we will be larger and stronger through partnership with Nippon Steel, bringing extensive investment, new technologies and thousands of jobs over the next four years.
“The US steel appreciates the leadership of President Trump and the personal attention to the future of thousands of steel workers and our symbolic company.”
Nippon Steel is committed to widespread progress in plants located in Pennsylvania, Indiana, Minnesota and Arkansas, Reuters reports.
When Nippon Steel made his initial offer for US steel in late 2023, the former Joe Biden president blocked the move.
Nippon, previously invested in the United States, plans to introduce advanced steel technology to US steel factories. This includes environmental clearing methods and high -performance alloys, making American plants more competitive worldwide, according to company officials.
US steel stock According to Reuters, more than 20 % increased after the President's order for a new investigation. The US Chamber of Commerce praised the agreement and said it strengthens domestic production and creates stronger economic relations with a key ally.
| Tick | Security | The last | Change | Changing % |
|---|---|---|---|---|
| x | US CORP Steel. | 52.17 | +9.27 |
+21.61 % |
Not everyone is convinced. The united steel workers' Union, which had admired Trump for blocking the original acquisition, is still cautious about foreign conflict. USW President David McCal, President of USW, said in a statement issued by USW.org that while this collaboration is better than a purchase, the union still wants stronger guarantees to protect US jobs and production in the long run.
He plans to visit the United States on May 30 to meet the US Central Office of the United States.
“From Pennsylvania to Arkansas and from Minnesota to Indiana, American,” Trump wrote on social truth.
The White House immediately did not respond to Fox Business's request for comment.