Trump backs Nippon Steel partnership with US Steel
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President Donald Trump appeared to approve a long-pending deal between U.S. Steel and its Japanese rival Nippon Steel on Friday, posting on his Truth Social account that there will be a “planned partnership” between the two companies.
“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least ... And that investment includes a lot of money in the Greater Pittsburgh area. The announcement brings to end more than a year of speculation.