Trump Says US Steel Remains Under American Control After Nippon Partnership Deal

President Donald Trump said on Sunday that U.S. Steel will remain under American control despite its partnership deal with Japanese steelmaker Nippon Steel. Speaking to reporters before boarding Air Force One, Trump suggested that Nippon Steel would have “partial ownership” of U.S. Steel, though he did not provide further details. “It will be controlled by the United States, otherwise, I wouldn’t make the deal,” he told reporters at a New Jersey airport. “It’s an investment and it’s a partial ownership, but it will be controlled by the USA.” Trump announced on May 23 that U.S. Steel will keep its headquarters in Pittsburgh under a “planned partnership” with Nippon Steel. The deal is expected to add $14 billion to the U.S. economy and create at least 70,000 jobs in the United States....