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The “Art of the Deal” strikes again.
Due to President Donald Trump’s negotiation skill, U.S. Steel isn’t being sold off to a foreign company after all.
Instead, Trump announced Friday afternoon that the American company will form a “partnership” with Japan’s Nippon Steel, and will stay right here in the United States.
According to Politico, Trump’s decision follows a phone call on Friday with Japanese Prime Minister Shigeru Ishiba.
In a Truth Social post, President Trump wrote:
I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh. For many years, the name, “United States Steel” was synonymous with Greatness, and now, it will be again.
This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy. The bulk of that Investment will occur in the next 14 months. This is the largest Investment in the History of the Commonwealth of Pennsylvania.
My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA. From Pennsylvania to Arkansas, and from Minnesota to Indiana, AMERICAN MADE is BACK.
I will see you all at US Steel, in Pittsburgh, on Friday, May 30th, for a BIG Rally. CONGRATULATIONS TO ALL!
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