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President Donald Trump advertised a “blockbuster agreement” between the US steel and the Japanese company Nippon Steel on Friday, which he said, that he would keep the legendary US steel manufacturer in Pittsburgh -although he previously expressed such a merger and offered only a few details about the special features of the deal.
On Friday evening, Trump discussed the “partnership” between the two companies during a rally in Irvin Works in Allegheny County – flanked by steel workers and large banners who read “American Jobs” and “The Golden Age”. During the event, Trump also announced his plan to double a current tariff of 25% for steel imports to 50%.
Trump informed the crowd that Nippon would invest a total of 14 billion US dollars as part of the business, with around 2.2 billion dollars in Pittsburghs Mon Valley and another 7 billion US dollars to modernize steel mills, the expansion of ore mines and the construction of facilities in Indiana, Minnesota, Alabama and Arkansas.
President Donald Trump provides comments from Irvin Works by the US Steel Corporation in West Mifflin, Pennsylvania, on May 30, 2025.
Leah Millis/Reuters
Trump emphasized that the US steel center would remain in Pittsburgh and brought more jobs for Americans -and even promised a bonus of 5,000 US dollars for every US steel worker.
“There will be no layoffs and no outsourcing,” promised Trump.
US steel would still be “controlled by the USA,” said Trump, adding: “Otherwise I would not have done the deal.” But he did not expressly said how ownership of the company would be structured.
Although Trump welcomed the agreement during the rally, he later said reporters that he had not yet seen the final details.
“I have to approve the final deal with Nippon and we have not yet seen this final deal,” Trump told reporters on the Tarmac after the Pittsburgh event. “But they have received a great commitment and it is a very large investment.”
In his comments at the rally, the President said that US steel would maintain all current surgical stoves with full capacity for at least 10 years.
President Donald Trump speaks on May 30, 2025 in West Mifflin, PA in the US Steelmon Valley Works Irvin plant.
David Dermer/AP
“You don’t have to worry about it,” he said and predicted, “you will be here for much longer.”
In his comments on the rally, Trump portrayed himself as a skillful dealmaker and said that he rejected earlier offers from Nippon before he said he had found
President Donald Trump speaks to the workers, while on May 30, 2025 in West Mifflin, PA, on May 30, 2025 in the US Steel Corporation Tour to Tours.
Julia Demaree Nikinson/AP
“I have to tell you about Nippon,” said Trump. “They kept asking me and I always rejected it.” Under no circumstances, in no case. ” And after about four times I said: “You know, these people really want to do a great thing.
Trump was once against the sale
Trump announced the agreement on his conservative social media platform for the first time last week. He said it would create at least 70,000 jobs and add $ 14 billion to the American economy. The “investment”, he wrote, would take place in the next 14 months.
During the 2024 campaign, Trump promised to prevent the Japanese steel manufacturer from buying US steel. As the elected president, he repeated this vows.
“In this case, I am completely against the once large and powerful US steel, which is bought by a foreign company,” wrote Trump in a post for his conservative social media platform in early December.
This is a US steel logo, which is exhibited in Edgar Thomson by US Steel, in Braddock, PA.
Gene J. Puskar/AP
The Biden administration in January blocked the sale of US steel to Nippon Steel due to national security concerns. At the time, the White House said that it was important to keep one of the country’s largest steel producers as an American company.
The reaction was mixed. The President of the United Steelworkers Union, who represents hundreds of thousands of workers, celebrated the move, while local leaders were concerned about the future of US steel in the southwest of Pennsylvania.
Weeks after the inauguration Trump met with David Burritt, CEO of US steel, in the White House. At the beginning of April, he ordered a new national security check of Nippon Steel’s proposed offer for the acquisition of US steel.
Before the rally on Friday, the White House had delivered only a few details that Trump mentioned in his social media contribution about the agreement.
A general view of the East Nippon Works by Nippon Steel Corp. Kimitsu can be seen on January 7, 2025 in Kimitsu, Japan.
Tomohiro Ohsumi/Getty Images
Peter Navarro, Trump’s trade advisor, insisted on Thursday that Us Steel “owned” the company.
“Nippon Steel will have no control over the company,” Navarro told reporters outside the White House, although he asked no further questions about the agreement.
Nippon was looking for a 100% ownership of US steel in conversations with Trump, Nikkei Asia, a 100% ownership of US steel reported At the beginning of this month.
US steel has issued A short statement Last week, in which it said, Trump “is a brave guide and businessman who knows how to get the best offer for America.”
“Us Steel will remain American, and we will be greater and stronger through a partnership with Nippon Steel, which brings massive investments, new technologies and thousands of jobs over the next four years,” said the company without sharing more details.