The two steel companies list “a golden share to be issued to the U.S. government” among the aspects of what they call a partnership agreement.

President Donald Trump issued an executive order on Friday officially giving the green light to Nippon Steel Corporation's multi-billion-dollar purchase of U.S. Steel Corporation.

US Steel's collaboration with Nippon Steel has received approval after national security assurances were confirmed, retaining the "golden share" benefit. Former President Trump endorsed the partnership through an executive order,

Throughout a rambling speech Friday, Trump repeatedly called steel crucial for a strong military and made clear that the tariffs were meant to restructure US industry to be able to fight China.