Trump greets us steel steel, says Steelmaker will be controlled by the United States ” – but offers few details

President Donald Trump presented a “blockbuster agreement” on Friday between US Steel and Japanese Japanese company Japanese Steel which, according to him, would keep the emblematic American acorma in Pittsburgh and would invest billions in facilities in several other states – although he previously opposed such a merger and offered little details on the subtleties of the agreement.

Friday evening, Trump discussed the agreement during a rally at the work of Irvin in the county of Allegheny, flanked by Sisers and large banners reading “American Jobs” and “The Golden Age”.

Trump said Nippon would take over a total of $ 14 billion in American steel, with some $ 2.2 billion to increase steel production in the Pittsburgh Valley region and an additional $ 7 billion to modernize the steers, extend ore mine and build installations in Indiana, Minnesota, Alabama and Alabama and Alabama and Alabama and Alabama and Alabama and Alabama Arkansas.

Trump stressed that the American steel headquarters would remain in Pittsburgh, providing more jobs for Americans – and even promised a bonus of $ 5,000 for each American steel worker.

“There will be no layoffs and no outsourcing,” promised Trump.

Under the terms of the agreement, US Steel will keep all of its high -capacity -up operating furnaces for at least 10 years, Trump said.

“You will not have to worry about this,” he said, predicting, “they will be much longer than that here.”

As part of the agreement, US Steel would still be “controlled by the United States,” said Trump, adding: “Otherwise, I would not have agreed”. But he did not explicitly say how the property of the company would be structured.

In his remarks, Trump described himself as a skillful job, saying that he had rejected the previous offers of Japanese before saying that he realized how much they wanted to invest in America.

“I have to tell you about Japanese,” said Trump. “They kept asking me and I continued to reject it.” No question, no question, no question. “And after about four times, I said,” You know, these people really want to do a good thing.

Trump once opposed to the sale

Trump announced the agreement on his conservative social media platform last week. He said it would create at least 70,000 jobs and add $ 14 billion to the American economy. The “investment”, he wrote, would take place over the next 14 months.

During the 2024 campaign, Trump undertook to prevent the Japanese Si, from buying it from American steel. As an elected president, he repeated this wish.

“I am totally against American steel formerly large and powerful bought by a foreign company, in this case, Nippon Steel of Japan,” wrote Trump in an article on his conservative social media platform in early December.

Biden administration in January blocked the sale of American steel in Japanese Steel on national security problems. The White House said at the time that it was important to keep one of the largest steel producers in the country a company belonging to the United States.

The reaction was mixed. The president of United Steelworkers Union, who represents hundreds of thousands of workers, celebrated this decision while local leaders worried about the future of us Steel in the southwest of Pennsylvania.

A few weeks after the inauguration, Trump met the American CEO of Steel, David Burritt, in the White House. In early April, he ordered a new national security review of the proposed candidacy of Nippon Steel to acquire US Steel.

Before the gathering on Friday, the White House had provided little details, other than those mentioned by Trump in his article on social networks, on the agreement.

Peter Navarro, Trump sales advisor, insisted that Us Steel “owned” the company on Thursday.

“Japanese Steel will have a certain involvement, but no control of the company,” Navarro told journalists outside the White House, although he no longer has questions about the agreement.

Nippon was looking 100% the property of Us Steel in talks with Trump, Nikkei Asia reported Earlier this month.

US Steel issued a brief declaration Last week in which he said that Trump “is a daring leader and a businessman who knows how to get the best offer for America.”

“Us Steel will remain American, and we will become larger and stronger thanks to a partnership with Nippon Steel which provides massive investments, new technologies and thousands of jobs in the next four years,” said the company without sharing more details.