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Nippon Steel also agreed to keep U.S. Steel's headquarters in Pittsburgh, maintain a U.S.-majority board, and invest $11 billion by 2028including $1 billion in a new greenfield project post-2028.

Neither Mr. Trump nor the companies have confirmed whether the deal is a takeover of U.S. Steel by Nippon Steel, a partnership between the companies or some new form of government-backed venture.

Trump increases steel tariffs to counter foreign market manipulation as global overcapacity reaches 600 million metric tons and U.S. steel industry faces financial challenges.

Brooke Shields revealed why only her youngest daughter, Grier Henchy, will inherit her jewelry collection when she dies.

US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered US steel industry but decried by heavy users of the metals, from car makers to can ...

WEST MIFFLIN, Pennsylvania - US President Donald Trump said on May 30 that he planned to increase tariffs on imported steel and aluminium to 50 per cent from 25 per cent, ratcheting up pressure on ...

Watch: Trump speaks at US Steel in Pittsburgh on deal with Nippon Steel by TheHill.com - 05/30/25 4:00 PM ET ...

President Donald Trump spoke at the U.S. Steel plant in West Mifflin on Friday. During the event, Trump announced the tariff on imported steel will double to 50%.

U.S. Steel will officially remain a Pittsburgh icon after President Trump said he approves of its $14.9 billion merger with a Japanese competitor.