Trump Hails Nippon Steel as "Great Partner" of U.S. Steel

   West Mifflin, Pennsylvania, May 30 (Jiji Press)--U.S. President Donald Trump on Friday welcomed a possible partnership between Japan's Nippon Steel Corp. and United States Steel Corp. at a political rally held near Pittsburgh, Pennsylvania.
   "We are going to have a great partner," Trump said in a speech at a U.S. Steel plant, referring to Nippon Steel's planned acquisition of the U.S. company.
   Nippon Steel offered to invest a total of 14 billion dollars in U.S. Steel, the president said, describing the move as "the largest investment in the history of American steel industry."
   The president stopped short of unveiling details, including the framework of the acquisition, but said after the speech that a final agreement had not been reached.
   Also in the speech, Trump said that he would double additional tariffs on imported steel to 50 pct.

(2025/05/31-14:52)