U.S. Steel, Nippon
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U.S. Steel workers say they were elated to hear the news about the "planned partnership" with Nippon Steel on Friday. They say this will save thousands of jobs and communities. However, the president of the United Steelworkers union, also based in Pittsburgh, says there are still some concerns.
Since returning to the office in January, Donald Trump has taken a hard stance on trade, reintroducing tariffs that affect countries around the world, including longtime allies.
President Donald Trump approved the $14.9 billion sale of U.S. Steel to a Japanese company despite promising before last year's election to block it. However, a union representing thousands of steel workers in Indiana continues to raise concerns about the deal and how it could impact workers.
A restless crowd of U.S. Steel workers and supporters of President Donald Trump — a group that overlaps now perhaps more than ever — are awaiting remarks from the president at the company’s Irvin Works in West Mifflin.
Of the $14 billion that Nippon would invest in U.S. Steel, at least $2.4 billion would be in the Mon Valley, McCormick said.
The federal government will also have say over U.S. board members in a tie-up between Japan’s Nippon Steel and U.S. Steel, according to a lawmaker.
Trump made the announcement as he celebrated a multi-billion dollar deal between the iconic American steelmaker U.S. Steel and the Japanese company Nippon Steel.
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