Trump's Nationalization and Nippon Steel's $15B U.S. Steel Takeover
TL;DR Summary
President Trump approved the sale of U.S. Steel to Nippon Steel, but only after securing extensive government controls through a 'golden share' that grants the U.S. government veto power over major decisions, effectively nationalizing the company and raising concerns about government intervention in private industry.
- Yes, Trump Just Nationalized U.S. Steel The Dispatch
- Nippon Steel finalizes $15B takeover of US Steel after sealing national security agreement ABC News - Breaking News, Latest News and Videos
- Trump administration offers some details of how it would control US Steel, but union raises concerns AP News
- U.S. Steel ceases trading on the NYSE as Japan's Nippon finalizes takeover CNBC
- Howes: Why Trump's 'golden share' spells trouble for steel deal The Detroit News
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