business
On June 18, 2025, a storied American steelmaker changed hands after President Trump approved the deal under a special national-security agreement.
Nippon Steel completed the acquisition after President Trump approved the deal under a special national-security agreement, reversing an earlier Biden-era block. The arrangement kept U.S. Steel headquartered in Pittsburgh with a majority-American board while Nippon Steel committed billions in new U.S. investment through the decade.
JFE Steel and Kobe Steel are also major Japanese steelmakers, but neither was the company involved, this deal drew intense attention because it required direct presidential sign-off for national-security reasons.
Cross-border acquisitions in strategic industries like steel often require government review boards, since materials tied to infrastructure and defense supply chains are treated as more sensitive than ordinary commerce.
business
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