Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government’s terms
June 13, 2025
President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a “golden share,” or veto power to ensure the country’s national security interests are protected.
