Trump Says US Steel Remains Under American Control After Nippon Partnership Deal

The partnership deal is expected to add $14 billion to the U.S. economy.

The U.S. Steel Clairton plant in Clairton, Pa., on April 8, 2024. Dominic Gwinn/Middle East Images via AFP via Getty Images

President Donald Trump said on May 25 that U.S. Steel will remain under American control despite its partnership deal with Japanese steelmaker Nippon Steel.

Speaking to reporters before boarding Air Force One, Trump suggested that Nippon Steel would have “partial ownership” of U.S. Steel, although he did not provide further details.