Trump golden share U.S. Steel
US President Donald Trump speaks at the Oval Office in the White House in Washington, Washington on September 19, 2025.
Ken Ceno | Reuters
The Trump administration activated us to stop the idle operations in Granite City, Ill. The Wall Street Journal reported.
Steel manufacturer, about 800 workers reported that the facility would be closed in November, but they will still be paid. However, Trade Secretary Howard Lutnick warned that CEO Dave Buritt will not allow the administration, the US Steel said on Friday, the facility would roll into steel.
The intervention was called Trump’s first “gold sharing” rights, Japan’s $ 14.1 billion infection, which was cleaned by Nippon in June. The National Security Agreement gave power to the White House Veto on facility closing, open marine production shifts and other strategic decisions.
US Steel did not respond immediately to CNBC for a comment.
The movement emphasizes Trump’s growing hand in the private sector. Last month, the president said that after receiving billions of subsidies in accordance with the 2022 CHIPS law, the government will receive 10% stake in Intel.
In June, Trump told us that Nippon would be a “big partner” to the steel employees in June, when the agreement was announced. The Trump administration is currently engaged in trade talks with Japan because they are eagerly waiting for the United States to make agreements with locks that avoid steep tariffs.
Trump said to steel workers that Nippon agreed to keep the US Steel’s high furnaces at full capacity for at least 10 years. President, the agreement will not lead to dismissal and “in any way will not use external resources,” he said. At that time, he said the workers would get a bonus of $ 5,000.
