Trump approves Nippon Steel's deal for U.S. Steel
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President Trump’s foray into the takeover could reshape the future of foreign investment in the United States.
President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.
The agreement with Nippon Steel is designed to resolve national-security concerns with the company’s planned acquisition of U.S. Steel.