Trump claims Nippon Steel deal will boost US job market but the math doesn’t add up
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 26 2025Trump's Job Claims and Economic Impact: Donald Trump announced a supposed partnership between Nippon Steel and US Steel that he claimed would create 70,000 jobs and inject $14 billion into the economy, but these figures are highly disputed and lack clarity from involved parties.
Union Skepticism and Trade Negotiations: The United Steelworkers union expressed skepticism about the deal, citing a lack of consultation and concerns over the actual benefits, while ongoing tariff negotiations between the U.S. and Japan add further complexity to the situation.
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.
