President Donald Trump released executive Order After signing the National Security Agreement with the US government on Friday, approved the merger of US Steel with Nippon Steel of Japan.

The US Steel and Nippon stated that the National Security Agreement will give a “golden shares” to the US government and make some commitments related to governance, domestic production and business. The companies did not explain in detail what powers the US government would capture with its golden part.

“All necessary regulatory approval for partnerships are now received, and the partnership is expected to finalize the partnership immediately,” US Steel and Nippon said. statement,

The National Security Agreement called for making Nippon $ 11 billion in the new investment by 2028, including the initial expenses on the Greenfield project that would be completed after 2028, the companies said.

Trump said on Thursday that the President gives the golden share “Total control“Without expansion. Pennsylvania Sen Dave McCormic told CNBC last month that the golden shares would effectively allow the government to allow the government Control several board seats,

Trump protested US steelControversial sales for nippon in the runup for the 2024 presidential election, as Republicans and Democrats have bowed down in protecting American companies against foreign contestants.

But Trump started softening his opposition for the acquisition after assuming office, Order of a new review Deal in April. The President Joe Biden had stopped the sale of American steel despite being close to Japan, citing national security concerns during his last days in the office.

Trump has avoided calling the deal from acquiring or merger, described it as “one”.Partnership“Post on his social media platform Truth Social on 23 May. He stressed that US Steel will” control “by USA” Speech to workers On 30 May on one of the company’s plants outside Pittsburgh.

The US Steel clarified that it would become a “full -ridden subsidiary of North America” ​​under the terms of the merger agreement with the Securities and Exchange Commission on 8 April. Description of the deal as “partnership” created confusion between investors and the leadership of the Union.

The President told American steel workers that Nippon would be a “great partner”. The Trump administration is currently engaged in business talks with Japan as investors eagerly wait for the signs that the US will attack deals with prominent partners who avoid standing tariffs.

Trump told Steelworkers that Nippon had agreed to keep us the steel blast furnace with full capacity for a minimum of 10 years. The President said that the deal would not be in retrenchment and promised that “there would be no outsourcing.” He said that workers would get a bonus of $ 5,000.

Trump announced that he was doubling the US tariff to 50% on steel imports during his remarks for American steel workers. Those tariffs came into force on 4 June.