Trump to visit U.S. Steel mill in Pennsylvania as Nippon deal finalized
CBSN
President Trump will visit a U.S. Steel mill in the Pittsburgh suburbs Friday, a week after he announced a "planned partnership" between the company and its Japanese competitor Nippon Steel.
The deal will allow U.S. Steel's headquarters to remain in Pennsylvania, according to Mr. Trump, who characterized the agreement last Sunday as "an investment" and "partial ownership" that will be "controlled" by the United States. The administration has released few details about the deal, however.
Mr. Trump's announcement last week was the latest twist in Nippon's yearslong effort to acquire U.S. Steel. Its nearly $15 billion bid to buy U.S. Steel was blocked by former President Joe Biden in January on national security grounds.
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