RELATED COVERAGE >>> President Trump announces deal with Nippon Steel, keeps U.S. Steel headquarters in Pittsburgh Trump said the U.S. Steel headquarters will stay in Pittsburgh because of the deal.

Trump also laid out his sudden embrace of Nippon Steel’s $14.9 billion acquisition of US Steel – a deal he had previously vowed to block.

President Donald Trump announced 50% steel tariffs at a rally at U.S. Steel, a week after signaling he would clear its merger with Japan's Nippon.

Trump said it will create 70,000 jobs but local lawmakers say 25,000 jobs will be affected. PREVIOUS COVERAGE >>> President Trump says Nippon Steel dropping US Steel bid to make investment instead

Trump today said he approved the $14.9 billion merger of Japanese-owned Nippon Steel Corporation and United States Steel Corporation. He asserted in a post on Truth Social that the deal would create 70,000 jobs (US Steel currently employs around 22,000 people, down from a two-decade peak near 50,000).

President Donald Trump cleared U.S. Steel and Nippon Steel to merge, saying the companies will form a "partnership." Trump said the partnership would add $14 billion to the U.S. economy.

While Trump appeared to stop short of endorsing Nippon Steel’s proposed $14.1 billion takeover of US Steel, shares of the American steelmaker surged as much as 26%, on apparent optimism over the ...

President Donald Trump cleared U.S. Steel and Nippon Steel to merge, saying the companies will form a "partnership." Trump said the partnership would add $14 billion to the U.S. economy.

President Donald Trump cleared U.S. Steel and Nippon Steel to merge, saying the companies will form a "partnership." Trump said the partnership would add $14 billion to the U.S. economy.