US_ Trump Touts $14B Investment in US Steel, Nippon Deal

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Trump Touts $14B Investment in US Steel, Nippon Deal

President Trump talks steel strategy in Pennsylvania on Friday. (AP) President Donald Trump announced a $14 billion deal between U.S. Steel and Nippon on Friday as well an increase on steel tariffs to bolster the investment. He called the investment the “single-largest investment” of any kind in any industry. [Full Story] 

By Mark Swanson | Friday, 30 May 2025 06:48 PM EDT


President Donald Trump announced a $14 billion deal between U.S. Steel and Nippon on Friday as well an increase on steel tariffs to bolster the investment. 

He called the investment the “single-largest investment” of any kind in any industry.

In a speech from West Mifflin, Pennsylvania, on Friday carried live by Newsmax, Trump announced that additional investment will also result in state-of-the art facilities in four other states. 

In all, Trump said that 100,000 American jobs will be created or saved with the deal, including 14,000 in Pennsylvania.

 “We don't want America's future to be built with shoddy steel from Shanghai. We want it built with the strength and the pride of Pittsburgh,” Trump said. “It's Pittsburgh steel, it's U.S. Steel, and it's going to be something even more special when you get all that billions of dollars of new equipment that they're going to be investing right here.” 

In addition, Trump announced the following aspects of Nippon’s investment: 

* $2.2 billion to increase steel production in the Mon Valley Works specifically allocated to Mon Valley 
* $200 million for the Advanced Technology Research and Development Center that's being built already in Pennsylvania 
* $7 billion to modernize steel mills, expand ore mines, and build state-of-the-art facilities in Indiana, Minnesota, Alabama and Arkansas 
* $5,000 bonus for every steel worker 

And securing the investment is a doubling of tariffs on steel imports. 

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READ MORE: https://www.newsmax.com/newsfront/trump-us-steel-nippon/2025/05/30/id/1213014/ 

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