By Alexandra Alper (Reuters) -U.S President Donald Trump approved Nippon Steel's $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews.

Nippon Steel Corp. won conditional US 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.

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

U.S President Donald Trump formally approved Nippon Steel's fraught $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies, beset by union opposition and two national security reviews.

Throughout a rambling speech Friday, Trump repeatedly called steel crucial for a strong military and made clear that the tariffs were meant to restructure US industry to be able to fight China.

TOKYO, June 16 (Reuters) - Nippon Steel (5401.T), opens new tab shares rose on Monday after U.S. President Donald Trump approved its $14.9 billion bid for U.S. Steel (X.N), opens new tab, clearing a key hurdle in its 18-month pursuit and securing access to ...

President Donald Trump signed an executive order Friday to approve the partnership between U.S. Steel and Nippon Steel, but many details of the negotiated agreement have not yet been divulged.

President Donald Trump said he will increase tariffs on steel and aluminum to 50% from 25%, effective Wednesday, as a way to help protect American workers.

US Steel's collaboration with Nippon Steel has received approval after national security assurances were confirmed, retaining the "golden share" benefit. Former President Trump endorsed the partnership through an executive order,

In June 2025, the partnership between US Steel and Nippon Steel secured approval through an executive order signed by President Trump, resolving concerns over foreign ownership. The agreement includes national security guarantees and a "golden share" for the US government,