Trump Approves U.S.–Nippon Steel Partnership, Reversing Stance
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 24 2025Trump Approves Partnership: Donald Trump has approved a strategic partnership between U.S. Steel and Nippon Steel Corp, reversing his earlier opposition after Nippon pledged a $14 billion investment to modernize American facilities, which is expected to create 70,000 jobs.
Economic and Regulatory Implications: The approval has led to a surge in U.S. Steel's stock and signals potential economic benefits for the U.S. manufacturing sector, although concerns from the United Steelworkers Union about national security and labor interests remain, with ongoing scrutiny expected regarding compliance with U.S. policies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
