His approval capped a tumultuous 18-month effort 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.

President Donald Trump signed an executive order Friday approving a partnership between US Steel and Nippon Steel after the companies reached agreement on US national security guarantees.

The agreement brings the companies one step closer to completing the $14.3 billion sale of U.S. Steel that the companies agreed to in December 2023.

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.

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.

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,

The takeover allows the Japanese firm to tap into key US infrastructure projects, while rivals face steep 50% tariffs.