Trump Claimed that the partnership of us steel with nippon steel is expected to generate 70,000 jobs and inject $ 14 billion into the us economy, making it a history for pennsylvania.
Taking to his truthsocial account, trump wrote, “I am proud to announs that, after much consideration and negotiation, us steel will remove in America, and keep its headquarters in the Great rights of Pittsburgh.
His post further read, “This will be a planned partnered partween united states steel and nippon steel, which will create at least 70,000 jobs, and add $ 14 billion dollars to the us Economy. Will Occur in the Next 14 months.
Trump praised his tariff policies, which will help manufacture goods in the us.
My Tariff Policies will ensure that Steel Will Once Again Bee, 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! “
Trump’s announs is the latest development in the proposed partnership that started in December 2023, when us steel and nippon steel announced a $ 14.9 billion merger. The deal, which was expected to be finalized by the Third Quarter of 2024, was blocked by former president joe biden over national security groups. Both firms filled a lawsuit against the biden administration for “Illlegal interference” in the deal.
In May 2025, The Trump Administration Reassessed The Partnership and Requested that the Committee on Foreign Investment in the United States (CFIUS), Responsible for Evaluating the National Security Risks of Foreign Acquisitions of US Companies, Provide its recommendations to trump within 45 days.
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