Trump administration offers some details of how it would control U.S. Steel, but union raises concerns

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.

Totally unmanageable, unworkable, every conceivable level of encroachment, obtrude, of  unwelcome intrusion, to force impose unwanted, unwarranted interference.

Both U.S. Steel, Nippon Steel must be totally free to chart that joint venture to success.

President Trump need only secure a fair trading environment that chips the wings of the government of China grossly unfair trading practices

RE:The president has the authority to name one of the corporate board’s independent three directors and veto power over the other two choices,

Going by the track record up to now, this looks a bit iffy.

If Trump can choose them they are hardly "independent"

RFK as a steel company executive?

Heavens sake, both Nippon/US steel futures are at stake, the financial welfare of families thousands, generations steelworkers jobs

Billions of dollors of investment.

President Trump must leave both alone to bond together a coherent structured decision making process, short medium long term objectives.

The president has the authority to name one of the corporate board’s independent three directors and veto power over the other two choices,

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Naming one is one thing.

Giving him the power to veto the other two, so that only his chosen are selected.

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“Our labor agreement expires next year, on September 1, 2026, and the USW and its members are prepared to engage the new owners" of U.S. Steel "to obtain a fair contract.”

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If US Steel does not collapse and end up bankrupt by trump, do not expect a fair contract like the current one.

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Maybe Nippon Steel will survive this coming disaster

Very workable, Trump ensuring Nippon Steel's committed to expanding US steel production via massive investment, know-how, and customers like auto firms etc.

Steel plants can never be relocated, so it's a win all the way around, as Nippon Steel will secure incremental production, avoid tariffs and will partner with US Steel for the long-term, creating MANY jobs along the way.

22 paragraphs of utter BS. Only one that spoken by Nippon steel.

The companies have not made public the full terms of Nippon Steel's acquisition of U.S. Steel or the national security agreement with the federal government.

The other 21 paragraph stating the USA government has got the deal of 51 % over the line. Yeah no BS, you have nothing

Golden Share is ensuring that Nippon Steel remains committed to the US market for the long-term via investment, tech and domestic sales, so the opposite of an M&A situation focused on cost cutting, headcount reductions, reducing market product/steel supply, etc.

Nothing "Trumps" National Security in contracts, plus Trump's effectively the 'regulator' and the 'tariff man', so very hard to lose when you control all levers of power.

Sounds like Trump got his own company here.

Nippon Steel should pull out of this deal. It's a losing proposition for them.

They're investing way too much into a company that they won't have enough control over.

Golden Share is ensuring that Nippon Steel remains committed to the US market for the long-term via investment, tech and domestic sales

All it really does is make domestic and foreign investors worried any deal trump doesn't like he'll stick his big foot in. Regardless if the company, union, and foreign company want to make the deal. His golden share if he even gets one is just to placate a cry baby.

Trump's preconditions will make running USSteel nearly impossible. Walk away, or, run away.

It might be cheaper in the long term for Nippon Steel to just donate the money to the United States to buy their way out of this disaster.

The Union knows Trump has never in his life lifted a finger for any workers' organization. Let off a leash, Trump can never be trusted, as the country now knows to its cost.

Commerce Secretary Howard Lutnick posted on social media on Saturday how the “golden share” to be held by the president would operate, revealing that the White House is willing to insert itself aggressively into a private company's affairs even as it has simultaneously pledged to strip away government regulations so businesses can expand.

...and then once Trump is gone, the next president is going to hold the golden share??? IMO, the golden share should be held by the union or workers' representation.

The Government of China is obsessed with Donald Trump even to the point of extreme parody 

Chinese Trump

https://www.youtube.com/watch?v=ErHkv1G3RVE

Just play fair with trade ...