Trump Approves Nippon Steel’s $14.9B US Steel Takeover Amid Security and Union Concerns

Former President Donald Trump has approved Nippon Steel’s $14.9 billion acquisition of US Steel, ending an 18-month review process that included union pushback and national security scrutiny.

The green light came after both companies signed an agreement with the US Treasury addressing security concerns. The deal includes a commitment to invest $11 billion by 2028 in American operations, with an additional $3 billion planned post-2028. Governance and trade safeguards were also part of the agreement, including the issuance of a "golden share" to the US government, ensuring oversight. The acquisition allows US Steel to gain fresh capital while giving Nippon Steel access to key infrastructure projects in the US, protected by 50% tariffs on foreign steel. The agreement also waives a $565 million breakup fee previously tied to regulatory approval. In a joint statement, the companies expressed their gratitude to Trump and pledged to strengthen American manufacturing.