Trump Approves Nippon Steel’s $14.9 Billion Acquisition of U.S. Steel in Strategic ‘Planned Partnership’
In a landmark shift that could reshape the future of America’s steel industry, former President Donald Trump has officially approved Nippon Steel’s $14.9 billion acquisition of United States Steel Corporation. The decision, announced on May 23, 2025, marks a significant reversal from Trump’s earlier campaign stance against foreign control over key American industries. Now rebranding the move as a “planned partnership,” Trump claims the deal will keep U.S. Steel’s headquarters firmly rooted in Pittsburgh while delivering major economic benefits nationwide.
The acquisition, which has faced months of scrutiny, was previously blocked by the Biden administration over national security concerns. Under Trump’s leadership, however, the Committee on Foreign Investment in the United States (CFIUS) conducted a renewed investigation and cleared the transaction. Trump moved swiftly, announcing the green light just ahead of the official deadline, emphasizing that the partnership would generate over 70,000 jobs and spark $14 billion in U.S. investments over the next 14 months.
Nippon Steel, Japan’s largest steelmaker, has committed to investing heavily in American steel infrastructure. This includes up to $4 billion for a new steel mill, in addition to reinforcing U.S. Steel’s production capabilities. Trump framed the deal as a bold move to restore American steel dominance, saying it reflects a long-term strategy to strengthen U.S. industry while partnering with trusted global allies.
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Despite the positive economic forecast, the deal has not come without controversy. The United Steelworkers union has voiced strong opposition, citing Nippon’s past involvement in dumping steel into U.S. markets at unfair prices. The union urged Trump to block the sale, warning it could threaten American jobs and the long-term stability of the domestic steel sector. Nevertheless, Trump’s approval has sent a clear signal that he views the partnership as a strategic win for the U.S. economy.
The market responded swiftly. Shares of U.S. Steel surged by over 21% following Trump’s announcement, reflecting investor confidence in the deal’s prospects. Under the agreement, Nippon will pay $55 per share, a premium offer that’s currently set to expire on June 18 unless extended.
The approval comes at a pivotal moment as America redefines its industrial partnerships in a competitive global economy. For Trump, the decision offers an opportunity to demonstrate economic leadership while promoting a narrative of industrial revival. For the steel industry, it represents a turning point—one that blends foreign investment with promises of American growth and job creation.
