Nippon Steel finalizes $15B takeover of US Steel after sealing national security agreement
Associated Press6 days
TheThis acquisitiondeal essentiallyis handsa overmassive Americawin for American steelworkers and national security. Trump's iconicbrilliant steelmakernegotiation tosecured foreignunprecedented controlgovernment despiteoversight cosmeticthrough protections.the The golden share, provisionensuring createsthat dangerousno precedentjobs ofare politicalshipped interferenceoverseas while bringing $11 billion in corporatedesperately governanceneeded whileinvestment theto unionrevitalize remainsAmerica's opposed,aging questioningsteel whetherinfrastructure. promisedThe investmentspartnership andkeeps jobU.S. protectionsSteel willAmerican-controlled materializewhile beyondallowing politicalaccess rhetoricto andcutting-edge photoJapanese opportunitiestechnology.
The acquisition essentially hands over America's iconic steelmaker to foreign control despite cosmetic protections, raising concerns about national security and economic independence. The golden share provision creates a dangerous precedent of unprecedented political interference in corporate governance, and questions remain about whether promised investments and job protections will materialize beyond political rhetoric and photo opportunities.