Trump says US government to control 51% share in USS

President Trump announced on Thursday that Japanese steelmaker Nippon’s proposed deal for U.S. Steel would entail the US government wielding a 51% share of the Pittsburgh-based steelmaker.

“We have a golden share, which I control, or the president controls,” Trump said in remarks to reporters at the White House. “Now I’m a little concerned who that president might be (someday), but that gives you total control. It’s 51% ownership by Americans.”

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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