In a move hailed as a significant boost for American manufacturing, President Donald Trump has approved the proposed partnership between United States Steel Corp. and Japan’s Nippon Steel. The announcement, made jointly by both companies on June 13th, expresses gratitude for the President’s support and highlights the potential for substantial investment and job creation.

“We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership,” the companies stated in a joint press release. They went on to emphasize the long-term benefits, asserting that “This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.”

The approval follows President Trump’s signing of an executive order, contingent upon the companies agreeing to a national security agreement with the federal government. This condition underscores the strategic importance placed on the deal and its implications for national security. The specifics of this agreement remain undisclosed, but its inclusion signifies a robust review process designed to protect American interests.

This landmark partnership promises to reshape the American steel industry, injecting significant capital and potentially creating numerous jobs. The long-term impact remains to be seen, but the initial reaction suggests a positive outlook for both companies and the broader US economy.