In a statement shared on the social media platform Truth Social, Trump emphasized that U.S. Steel’s headquarters will remain in Pittsburgh. He announced that the partnership with Japan is expected to bring $14 billion in investment to the U.S. economy and create approximately 70,000 new jobs.
The partnership does not involve a full acquisition of U.S. Steel by Nippon Steel; instead, it adopts a strategic collaboration model. This approach aims to strengthen U.S. Steel through Japanese technology and capital contributions while maintaining U.S. industrial independence.
Although Trump did not disclose the full details of the agreement, he stated that Nippon Steel would make significant investments over the next 14 months, giving fresh momentum to the U.S. steel industry.
This development adds a new dimension to ongoing debates over foreign investment in strategic U.S. sectors. Trump's decision is seen as a significant step toward redefining the balance between national security and economic growth, and shaping the future of the American steel industry.
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