Joe Biden may have fumbled the opportunity, but President Trump seized it and drove it all the way to the end zone. I’m talking about the proposed merger between U.S. Steel and Nippon Steel—a move that makes clear economic sense. That’s precisely why an autopen was used to try and kill it. This merger is projected to inject $14 billion into the U.S. economy and create over 77,000 high-paying jobs for American workers, not illegal immigrants. And for those worried about hometown pride, U.S. Steel’s headquarters will remain right where it belongs: in Pittsburgh.
The president’s decision to green light a partnership between the Japanese steel company and its American rival producer caps off a fight to merge for a year before the autopen struck.
Trump wrote on Truth Social:
“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 to the U.S. Economy.”
President Trump’s decision to approve the merger after Joe Biden killed the deal
Biden explains:
VISIT OUR YOUTUBE CHANNEL“Without domestic steel production and domestic steel workers, our nation is less strong and less secure.”
What an idiot. The merger will drastically increase US production. But, when you want to destroy a country, Biden did the right thing. Thank God, we finally have a real president in this country.
The president’s decision to greenlight a partnership between the Japanese steel company and its American rival producer caps off a years-long fight over the fate of the iconic Pennsylvania company, U.S. Steel. Trump announced the steel company will remain headquartered in Pittsburgh and that the Japanese steel company’s investments will add at least 70,000 jobs to the economy.
The Trump administration’s endorsement of a U.S. Steel-Nippon Steel partnership follows former President Joe Biden’s decision to block the sale of U.S. Steel to its Japanese competitor for nearly $15 billion in January, citing national security and supply chain concerns.
Trump opposed the takeover of U.S. steel by the Japanese steelmaker during his successful 2024 campaign and while serving as president-elect, arguing the Pittsburgh-based company should continue to be domestically-owned. However, he appeared more open to a deal upon taking office and directed the Committee on Foreign Investment in the United States to undertake a new review of the proposed merger in April.
Republican Pennsylvania Sen. Dave McCormick praised the $14 billion investment by Nippon Steel in a statement, calling the deal a “huge victory for America.”
“My priorities are preserving and expanding jobs and investment in the Mon Valley,” McCormick wrote. “This partnership gets it done.”
CFIUS was slated to deliver its assessment of the proposed merger this week. Trump announced a May 30 rally at U.S. Steel headquarters to celebrate the major job creation news.
#trumpdelivers #americafirstjobs #bidenblockedittrumpfixedit
