U.S. Steel Now Under Foreign Ownership

“Nippon Steel has finalized its deal to buy 100% of US Steel, the iconic steelmaker that was once the world’s most valuable company and a cornerstone of American industrial might,” CNN reports.

“But while Nippon is buying the entirety of US Steel, under the final deal the US government will gain a say in many key decisions on how the company is run. That includes giving President Donald Trump veto power over any decision to idle plants, reduce production or staffing levels.”