Trump clears path for Nippon Steel investment in US Steel, so long as it fits government's terms

WASHINGTON — President Donald Trump on Friday 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 the iconic American steelmaker 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 " — essentially veto power to ensure the country's national security interests are protected against cutbacks in steel production. “We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership," the two companies said. "This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.” The companieWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times