President Donald Trump informed American steel workers on Friday evening that the prestigious American steel company would remain a “American company” when he revealed that there was a “planned partnership” between Japan’s Nippon Steel Corporation and US Steel Corporation.
Whereas Speaking In Pittsburgh, Pennsylvania, Trump revealed how “US Steel’s name” was synonymous with greatness, “and said that the name” would be re -synonymous with greatness. “
“We are here to celebrate a blockbuster agreement today, which will ensure that this stored American company is an American company – you are going to be an American company, you know that is right?” Trump said. “We are going to be a great companion. And, I have to tell you, Japan has been a tremendous friend during his years as President – and then we had a little interval, we had a rigged choice.”
Trump continued:
It will place its headquarters in Pittsburgh, the great city of Pennsylvania, where it is. For generations, the name, United States Steel was synonymous with greatness, and now it will be synonymous with greatness again. The best, and the strongest steel on Earth will be built in the US forever and will be made in Pennsylvania.
Trump’s words come after a week when he revealed in a post on Truth Social that the US Steel will stay in the US and “will also keep its headquarters in the great city of Pittsburgh”.
In his post, Trump reported that the “planned partnership” between American Steel and Nippon Steel would generate at least 70,000 jobs, and add $ 14 billion to the US economy. “
Trump said in his post, “I am proud to announce that, after a lot of thought and conversation, American Steel will remain in America, and will hold its headquarters in the great city of Pittsburgh.” “For many years, the name, ‘United States Steel’ was synonymous with greatness, and now, it will be again. It will be a planned partnership between United States Steel and Nippon Steel, which will generate at least 70,000 jobs, and add $ 14 billion to the US economy.”
As Breetbart News had previously reported, in January, former President Joe Biden announced that he uses the 1950 Defense Production Act to prevent Nippon Steel from being able to acquire American steel.
Following the Biden’s announcement, Nippon Steel and US Steel officials announced in 2023 that the American Steel Company, “who played an important role in helping the allies in the Second World War IN Imperial Japan and Nazi Germany played an important role,” Nippon Steel was sold as a part of $ 15 billion: “
In early Monday, officials of the US Steel and Nippon Steel Corporation announced a $ 15 billion deal, which vowers to maintain US Steelworkers (USW) Labor Contract and will be completed in mid -2012, although US steel shareholders will still have their approval.
Pittsburgh post-gazette He said that during Trump’s rally, he announced that he would increase steel tariffs and noted that it would “create a proper trading environment between the US and other countries.”
