President Donald Trump announced that U.S. Steel will remain under the control of the United States amid its partnership with Japanese company Nippon Steel.
Speaking to reporters, Trump said it will be “controlled by the United States, otherwise I wouldn’t make the deal.” He added, “It’s an investment and it’s a partial ownership, but it will be controlled by the USA.”
Trump’s statement to reporters reiterates his previous claim on Truth Social that “US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh.”
“For many years, the name, ‘United States Steel’ was synonymous with Greatness, and now, it will be again. This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy. The bulk of that Investment will occur in the next 14 months,” Trump wrote. “This is the largest Investment in the History of the Commonwealth of Pennsylvania. My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA. From Pennsylvania to Arkansas, and from Minnesota to Indiana, AMERICAN MADE is BACK. I will see you all at US Steel, in Pittsburgh, on Friday, May 30th, for a BIG Rally. CONGRATULATIONS TO ALL!”
U.S. Steel issued a similar statement, calling President Trump a “bold leader and businessman who knows how to get the best deal for America, American workers and American manufacturing.”
“U.S. Steel will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies and thousands of jobs over the next four years,” the statement read. The company noted that it “greatly appreciates President Trump’s leadership and personal attention to the futures of thousands of steelworkers and our iconic company.”
