U.S. President Donald Trump said on Thursday the United States had a "golden share" in U.S. Steel as part of a deal for Nippon Steel to buy the iconic American company. It was not immediately clear what structural element of the deal Trump was referring to,

WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement ” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement.

The companies offered few details on how the golden share would work and what investments would be made. Trump said Thursday that he would as president have “total control” of what U.S. Steel ...

Companies fulfill Trump’s requirements for deal Agreement includes US$11 billion (RM46 billion) in new investments Nippon Steel says it will take 100 per cent stake in