by Adam Pack
President Donald Trump supported the “Planned Partnership” on Friday between US Steel and Nippon Steel, claiming that the agreement between two steel giants will be the largest economic investment in Pennsylvania’s history.
President’s decision for Greenlight Partnership between the Japanese steel company and its American competing manufacturer Caps Off with the length of many years of fighting for moose The iconic company Pennsylvania, US Steel. Trump announced that the steel company will remain in Pittsburgh and that the investments of the Japanese Stalowa company add at least 70,000 jobs to the economy.
“For many years the name” United States “was synonymous with greatness, and now it will be again,” wrote Trump about Truth Social. “It will be a planned partnership between the United States and Nippon Steel, which will create at least 70,000 jobs and add $ 14 billion to the US economy.”
Support by Trump’s administration by the American partnership with Steel-Nippon Steel tracks former president Joe Biden decision To block the sale of American steel to their Japanese competitor for almost $ 15 billion in January, citing concerns about national security and supply chain.
“Without the national production of steel and national staff, our nation is less strong and less safe,” biden wrote In a press release.
Trump initially opposed The takeover of American steel by the Japanese steel artist during his successful 2024 campaign and during the function of the President of Elek, arguing that the company based in Pittsburgh should still be domestic.
However, he seemed more open to the contract after taking the office and directed Foreign Investment Committee in the United States take on A fresh review of the proposed merger in April.
Republican Pennsylvania Senator Dave McCormick Praised In the Nippon Steel statement in the amount of $ 14 billion, calling the contract “a huge victory for America.”
“My priority is the behavior and extension of jobs and investments in the Valley of the Ministry of National Defense,” wrote McCormick. “This partnership will do it.”
Cfius was to assess the merger this week.
Trump announced the rally on May 30 at the Stalowa headquarters in the USA to celebrate the main news about creating jobs.
– – –
Adam Pack is a reporter at the Daily Caller News Foundation.
