President Donald Trump promoted a “great success agreement” between American steel and the Japanese company Nippon Steel on Friday, which, according to him, would keep the iconic US steel manufacturer in Pittsburgh, although he previously opposed such a fusion and offered few details about the details of the agreement.
Trump discussed the “association” between the two companies during a demonstration at the Irvin Works plant in Allegheny County on Friday night, flanked by steel workers and large banners that read “American works” and “Golden Age”. During the event, Trump also announced his plan to double a 25% tariff on 50% steel imports.
Trump told the crowd that Nippon would invest a total of $ 14 billion as part of the agreement, with about $ 2.2 billion grooved to increase the production of steel in the Mon Valley of Pittsburgh and another $ 7 billion to modernize the steel factories, expand mineral mines and build facilities in Indiana, Minnesota, Alabama and Arkansas.
President Donald Trump offers comments in Irvin Works of Us Steel Corporation in West Mfflin, Pennsylvania, May 30, 2025.
Leah Millis/Reuters
Trump emphasized that the US headquarters would stay in Pittsburgh, bringing more jobs for Americans, and even promised a $ 5,000 bonus for each steel worker in the United States.
“There will be no dismissals or not subcontracting at all,” Trump promised.
Us Steel would still be “controlled by the United States,” Trump said, added: “Otherwise, he would not have done the treatment.” But he did not explicitly said how the company’s property would be structured.
Despite taking the agreement during the demonstration, Trump then told reporters that he has not yet seen the final details.
“I have to approve the final agreement with Nippon and we have not yet seen that final agreement,” Trump told journalists about the asphalt after the Pittsburgh event. “But they have made a great commitment, and it is a great investment.”
In his comments on The Rally, the president said that Us Steel will maintain all his current operating underpants at full capacity for a minimum of 10 years.
President Donald Trump speaks at the Us Steel Mon Valley Worvin plant, May 30, 2025, in West Mfflin, pa.
David Ders / AP
“You won’t have to worry about that,” he said, predicting, “they will be here much longer than that.”
In his comments on the rally, Trump portrayed himself as a skilled merchant, saying that he rejected Nippon previous offers before saying that they realized that they wanted to invest in the United States.
President Donald Trump talks to the workers while turning the Mon Valley Works-Irvin plant by Us Steel Corporation, May 30, 2025, in West Mfflin, pa.
Julia DeMaree Nikhinson/AP
“I have to tell you about Nippon,” Trump said. “They kept wondering and kept rejecting it. ‘In no way, in no way, in no way.’
Trump once opposed the sale
Trump announced for the first time the agreement on its conservative social media platform last week. He said he would create at least 70,000 jobs and add $ 14 billion to the US economy. The “investment,” he wrote, will take place during the next 14 months.
During the 2024 campaign, Trump promised to block the Japanese steel manufacturer to buy US steel. As elected president, he repeated that vote.
“I am totally against the one that once again and powerful US steel. UU. A foreign company bought by a foreign company, in this case, Nippon Steel in Japan,” Trump wrote in a publication to its conservative social networks platform in early December.
This is a Us Steel logo on exhibition at Edgar Thomson by Us Steel Works in Braddock, Pa.
Gene J. Puskar/AP
The Biden administration in January blocked the sale of US A Nippon Steel steel for national security concerns. The White House said at that time that it was important to keep one of the largest steel producers in the nation a US property company.
The reaction was mixed. The president of United Steelworkers Union, who represents hundreds of thousands of workers, celebrated the measure, while local leaders expressed concern about the future of Us Steel in southwest Pennsylvania.
Weeks after the inauguration, Trump met with the CEO of Us Steel, David Burritt, in the White House. At the beginning of April, he ordered a new national security review proposed by Nippon Steel to acquire US steel.
Before Friday’s demonstration, the White House had provided few details, apart from those mentioned by Trump in its publication on social networks, on the agreement.
On January 7, 2025 in Kimitsu, Japan, a general view of the Nippon Works Kimitsu area of Nippon Steel Corp. in Kimitsu, Japan, is seen.
Volume ohsumi/getty images
Peter Navarro, Trump’s commercial advisor, insisted on Thursday that Us Steel “owns” the company.
“Nippon Steel will have some participation, but there is no company control,” Navarro told journalists outside the White House, although he did not take more questions about the agreement.
Nippon was looking for 100% owned by Us Steel in conversations with Trump, Nikkei Asia reported Earlier this month.
US Steel issued a Brief statement Last week he said Trump “is a bold leader and businessman who knows how to get the best treatment for the United States.”
“The US steel will continue to be American, and it will make us larger and more stronger through an association with Nippon Steel that brings a massive investment, new technologies and thousands of jobs in the next four years,” said the company without sharing more details.
