💨 Abstract
Under the proposed investment by Nippon Steel in U.S. Steel, President Donald Trump would hold significant influence, including the power to prevent changes like headquarters relocation, factory closures, or job transfers abroad. The "golden share" allows Trump to consent to various business decisions and approve board directors. Nippon Steel plans $11 billion in investments by 2028, with the U.S. government requiring approval for any delays or reductions.
Courtesy: WTOP Staff
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