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Nippon Steel Completes $14.1B US Steel Acquisition

Nippon Steel Completes $14.1B US Steel Acquisition

Above: The headquarters building of the Nippon Steel corporation in Tokyo, Japan, on Jan. 7, 2025. Image copyright: David Mareuil/Anadolu via Getty Images

The Spin

This deal is a massive win for American steelworkers and national security. Trump's brilliant negotiation secured unprecedented government oversight through the golden share, ensuring that no jobs are shipped overseas while bringing $11 billion in desperately needed investment to revitalize America's aging steel infrastructure. The partnership keeps U.S. Steel American-controlled while allowing access to cutting-edge Japanese technology.

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 political interference in corporate governance, and questions remain about whether promised investments and job protections will materialize beyond political rhetoric and photo opportunities.

This deal is a massive win for American steelworkers and national security. Trump's brilliant negotiation secured unprecedented government oversight through the golden share, ensuring that no jobs are shipped overseas while bringing $11 billion in desperately needed investment to revitalize America's aging steel infrastructure. The partnership keeps U.S. Steel American-controlled while allowing access to cutting-edge Japanese technology.

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 political interference in corporate governance, and questions remain about whether promised investments and job protections will materialize beyond political rhetoric and photo opportunities.


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