US Steel said Wednesday it finalized its merger with Japan’s largest steelmaker, Nippon. President Trump lauded the acquisition as a partnership in which the U.S. would maintain a “golden

HARRISBURG, Pa. (AP) — Nippon Steel and U.S. Steel said Wednesday they have finalized their “historic partnership,” a deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company first proposed its nearly $15 billion buyout of the iconic American steelmaker.

The deal gives the White House extraordinary control over U.S. Steel as part of a pact to alleviate national security concerns.