U.S. Steel, Nippon
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President Donald Trump approved the $14.9 billion sale of U.S. Steel to a Japanese company despite promising before last year's election to block it. However, a union representing thousands of steel workers in Indiana continues to raise concerns about the deal and how it could impact workers.
U.S. Steel workers say they were elated to hear the news about the "planned partnership" with Nippon Steel on Friday. They say this will save thousands of jobs and communities. However, the president of the United Steelworkers union, also based in Pittsburgh, says there are still some concerns.
A restless crowd of U.S. Steel workers and supporters of President Donald Trump — a group that overlaps now perhaps more than ever — are awaiting remarks from the president at the company’s Irvin Works in West Mifflin.
Puskar/AP The Biden administration in January blocked the sale of U.S. Steel to Nippon Steel over national security concerns ... hundreds of thousands of workers, celebrated the move while ...
Trump made the announcement as he celebrated a multi-billion dollar deal between the iconic American steelmaker U.S. Steel and the Japanese company Nippon Steel.
The federal government will also have say over U.S. board members in a tie-up between Japan’s Nippon Steel and U.S. Steel, according to a lawmaker.
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President Donald Trump spoke at the U.S. Steel plant in West Mifflin on Friday. During the event, Trump announced the tariff on imported steel will double to 50%.