President Donald Trump announced Friday that U.S. Steel will stay in the U.S. and form a new partnership with Japan’s Nippon Steel, keeping its headquarters in Pittsburgh. The move follows Trump’s review of the controversial $14.9 billion sale that President Joe Biden previously blocked over national security concerns.
“I am proud to announce that… U.S. Steel will REMAIN in America,” Trump declared. He praised the deal as a win for American industry, calling it a “planned partnership” that will create at least 70,000 jobs and inject $14 billion into the economy.
The decision marks a sharp contrast with Biden’s move in January to stop the sale outright, citing risks to U.S. supply chains. Trump, too, had initially opposed selling U.S. Steel to a foreign company and vowed instead to “Make U.S. Steel Strong and Great Again.”
U.S. Steel has been struggling financially, posting a $116 million loss in the first quarter of 2025. Still, the steel sector remains a vital employer, with over 44,000 workers across the country.
Trump reportedly spoke with Japanese Prime Minister Shigeru Ishiba on Friday, while Commerce Secretary Howard Lutnick met with Japan’s top trade negotiator. It’s unclear if either meeting directly addressed the new deal.
“The bulk of that Investment will occur in the next 14 months,” Trump said. “This is the largest Investment in the History of the Commonwealth of Pennsylvania.”
He also emphasized that his tariff policies will guarantee steel is “forever MADE IN AMERICA.” Trump closed by announcing a “BIG Rally” at U.S. Steel in Pittsburgh on May 30. “Congratulations to all!” he said.