A: Hey, have you heard the news about US Steel?
B: Nah, what's going on?
A: Well, apparently President Trump said that there's this thing called a golden share in US Steel, and he controls it!
B: Whoa, really? What does that mean?
A: It means he can block some decisions made by Nippon Steel if they buy US Steel. And get this, the Americans will still own 51% after the acquisition.
B: That's crazy! Did the government approve it already?
A: Yep, last month actually. But they've got until June 18 to finish the deal. The Japanese government is keeping an eye on things though.
B: I wonder what Nippon Steel thinks about all this...
A: Well, they're not saying much, but they plan to make US Steel a subsidiary and are watching President Trump closely. The Japanese government says it will help with communication if needed.
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US President Donald Trump says the government has a golden share in US Steel that he described as under his control. Such a stake could let the president veto some decisions by Japanese firm Nippon Steel after its planned takeover of the American steelmaker.
Trump spoke at the White House on Thursday. He said, "We have a golden share, which I control, or the president controls."
Trump also said that there would be 51 percent ownership by Americans after the acquisition.
The Committee on Foreign Investment in the United States finished its reexamination of Nippon Steel's plan to acquire US Steel last month.
The parties face a June 18 deadline to complete the deal.
Japan's Industry Minister Muto Yoji said he was aware of the comment, but will wait for the US government's official announcement.
Muto said: "We are aware that concrete investment plans have been considered and adjusted by relevant officials in the private sector. The Japanese government will do its best in promoting communications between relevant officials when it's necessary."
Nippon Steel said that it won't comment on Trump's remark.
The company aims to turn US Steel into a wholly owned subsidiary and is watching any decisions made by the US president closely.
B: Nah, what's going on?
A: Well, apparently President Trump said that there's this thing called a golden share in US Steel, and he controls it!
B: Whoa, really? What does that mean?
A: It means he can block some decisions made by Nippon Steel if they buy US Steel. And get this, the Americans will still own 51% after the acquisition.
B: That's crazy! Did the government approve it already?
A: Yep, last month actually. But they've got until June 18 to finish the deal. The Japanese government is keeping an eye on things though.
B: I wonder what Nippon Steel thinks about all this...
A: Well, they're not saying much, but they plan to make US Steel a subsidiary and are watching President Trump closely. The Japanese government says it will help with communication if needed.
----------------
US President Donald Trump says the government has a golden share in US Steel that he described as under his control. Such a stake could let the president veto some decisions by Japanese firm Nippon Steel after its planned takeover of the American steelmaker.
Trump spoke at the White House on Thursday. He said, "We have a golden share, which I control, or the president controls."
Trump also said that there would be 51 percent ownership by Americans after the acquisition.
The Committee on Foreign Investment in the United States finished its reexamination of Nippon Steel's plan to acquire US Steel last month.
The parties face a June 18 deadline to complete the deal.
Japan's Industry Minister Muto Yoji said he was aware of the comment, but will wait for the US government's official announcement.
Muto said: "We are aware that concrete investment plans have been considered and adjusted by relevant officials in the private sector. The Japanese government will do its best in promoting communications between relevant officials when it's necessary."
Nippon Steel said that it won't comment on Trump's remark.
The company aims to turn US Steel into a wholly owned subsidiary and is watching any decisions made by the US president closely.
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Summary
US President Donald Trump claims a golden share in US Steel, allowing him to veto certain decisions by Nippon Steel following its proposed takeover. This stake comes despite the American ownership remaining at 51%. The Committee on Foreign Investment in the United States has already reviewed and
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ID: 4a906ab4-a293-4bcc-acd4-e972accdd2a0
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250613_B3/
Created: 2025/06/13 19:03
Updated: 2025/12/08 03:40
Last Read: 2025/06/13 21:01