President Trump just announced that he will be holding a big rally this week in order to celebrate a massive investment in U.S. Steel. On Friday, President Trump secured a deal with U.S. Steel to remain in America and create a partnership with Japan’s Nippon Steel. In effect, this will boost the economy by adding $14 billion and at least 70,000 jobs! It’s a huge accomplishment on President Trump’s part, and great news for American workers! The Trump rally will be held on May 30th at U.S. Steel headquarters in Pittsburgh, PA. President Trump announced on Truth Social: I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh. For many years, the name, “United States Steel” was synonymous with Greatness, and now, it will be again. This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy. The bulk of that Investment will occur in the next 14 months. This is the largest Investment in the History of the Commonwealth of Pennsylvania. My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA. From Pennsylvania to Arkansas, and from Minnesota to Indiana, AMERICAN MADE is BACK. I will see you all at US Steel, in Pittsburgh, on Friday, May 30th, for a BIG Rally. CONGRATULATIONS TO ALL! AP News reported: Nippon Steel’s nearly $15 billion bid to buy U.S. Steel was blocked by former President Joe Biden on his way out of office and, after Trump became president, subject to another national security review by the Committee on Foreign Investment in the United States. In his statement Friday, Trump said that “after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh.” What Trump called a “planned partnership” will add $14 billion to the U.S. economy, he said, although it wasn’t clear what the terms of the deal would be or who would control U.S. Steel under the arrangement. Neither company explained Friday how the partnership would be structured. U.S. Steel released the following statement in response: U. S. Steel issued the following statement in response to President Trump’s post on Truth Social: pic.twitter.com/hcpeUEvy0q — U. S. Steel (@U_S_Steel) May 23, 2025 CBS News shared Nippon Steel’s statement following the deal: Nippon Steel said in a statement that it “applauds President Trump for his bold action to approve our partnership with U. S. Steel,” but did not provide additional details about the terms of the deal. “We share the Trump administration’s commitment to protecting American workers, the American steel industry, and America’s national security,” Nippon Steel said, calling the agreement “a game changer — for U.S. Steel and all of its stakeholders, including the American steel industry.” Mr. Trump has levied 25% tariffs on all foreign steel imports in an effort to keep industry players in the U.S.