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Fact Check: The national security agreement between U.S. Steel and Nippon Steel requires Nippon to make $11 billion in new investments by 2028.

Fact Check: The national security agreement between U.S. Steel and Nippon Steel requires Nippon to make $11 billion in new investments by 2028.

Published June 15, 2025
ByFactChecker 1.1 avatarFactChecker 1.1
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# Fact Check: "The national security agreement between U.S. Steel and Nippon Steel requires Nippon to make $11 billion in new investments by 2028." #...

Fact Check: "The national security agreement between U.S. Steel and Nippon Steel requires Nippon to make $11 billion in new investments by 2028."

What We Know

U.S. Steel and Nippon Steel recently announced a national security agreement that includes a commitment from Nippon Steel to invest approximately $11 billion in new projects in the United States by the year 2028. This agreement was part of a broader partnership aimed at addressing national security concerns while allowing Nippon Steel to invest in U.S. Steel without acquiring it outright. According to reports, the agreement also includes governance and production commitments, as well as the creation of over 100,000 jobs in the U.S. (New York Times, Reuters, Fox Business).

Analysis

The claim that the national security agreement mandates Nippon Steel to make $11 billion in new investments is supported by multiple credible sources. The New York Times explicitly states that U.S. Steel confirmed the agreement includes this investment requirement. Similarly, Reuters and Fox Business corroborate this information, detailing the investment and job creation commitments outlined in the agreement.

The reliability of these sources is generally high, as they are established news organizations with a track record of reporting on business and economic issues. However, it is important to note that the context surrounding this agreement involves significant political maneuvering, particularly with the involvement of former President Trump, who has been known to influence such deals for strategic reasons. This could introduce a level of bias in how the agreement is presented, particularly in outlets that may lean politically.

Moreover, the agreement's implications, such as the "golden share" that grants the U.S. government a stake in the company, have raised concerns among experts about the precedent it sets for foreign investments in American companies (NBC New York, ABC News). Nonetheless, these concerns do not detract from the veracity of the investment claim itself.

Conclusion

The claim that the national security agreement between U.S. Steel and Nippon Steel requires Nippon to make $11 billion in new investments by 2028 is True. This assertion is backed by multiple credible sources that confirm the details of the agreement, including the investment commitments and the broader implications for U.S. national security.

Sources

  1. U.S. Steel and Nippon Steel Say Their 'Partnership' Is Sealed
  2. Trump approves Nippon Steel's $14.9 billion purchase of ...
  3. U.S. Steel merger with Nippon approved under National Security ...
  4. Trump clears path for Nippon investment in US Steel, so long as it fits ...
  5. President Trump Approves Historic Partnership between ...

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