President Trump [initially opposed the proposed acquisition](

President Trump’s foray into the takeover could reshape the future of foreign investment in the United States.

President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.

Nippon Steel Corp. won conditional U.S. approval for its $14.1 billion purchase of United States Steel Corp., capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.

Trump would have unique influence over the operations of the U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American stee

The U.S. Steel and Nippon deal continues to be a point of contention between labor and the presidential administration. President Trump is celebrating what he's calling a majority 51% American ownership.