“President Donald Trump said Friday that U.S. Steel and Nippon Steel will form a “partnership,” after the Japanese steelmaker’s bid to acquire its U.S. rival had been blocked on national security grounds.
“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social.
U.S. Steel’s headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares surged more than 20% to close at $52.01 per share after Trump’s announcement.”
by TXDobber
13 comments
Glorious Nippon Steel!
I know 0 about this. But if Trump is happy about it, something tells me its shit for everyone else involved… Or at the very least, way better for him and his cronies than for anyone else.
Japan still remains a good ally and they make quality products , so if we’re going to partner with a country then they’re one I fully support.
Someone probably gifted Trump a golden Tenga.
Wait, wasn’t this originally in the works but they stopped it???
Americans are so caught on it being named US steel, amongst other things…
What’s the catch? Did someone buy Trump coin?
Did Ishiba give Trump a jet?
Trump is desperate for a win after the trade war fiasco, and this is an easy way to have someone investing in the USA. He will try to take credit later on.
This is great. Genuinely a good move for both countries
Nichibei Steel group
Finally some good news from the Trump administration. I’d say this is a good move!
Do both companies even have 70k employees right now