U.S. Steel, Trump and Nippon
Digest more
Top News
Overview
Impacts
U.S President Donald Trump approved Nippon Steel's $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews.
Trump claimed that as part of a "golden share" ownership stake in U.S. Steel, Americans will own 51% of the company, but what that meant is unclear.
President Donald J. Trump has just scored one of the most consequential economic victories of the 21st century.