President Donald Trump signed an executive order on June 13 paving the way for Japan-based Nippon Steel to acquire U.S. Steel as long as the company remains "in compliance” with a national security agreement.

The companies announced that they had entered a national security agreement with the U.S. government, which mandates $11 billion in new investments by 2028.

“This partnership will bring a massive investment that will support our communities and families for generations to come,” the companies announced in a joint statement. “We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.”

Read Full Article Here