According to Coin World, on May 24, U.S. President Trump stated on the 23rd that U.S. Steel and Nippon Steel Corporation will reach a 'planned partnership.' Nippon Steel will invest in U.S. Steel, and U.S. Steel will continue to 'remain in America.' Trump stated that the headquarters of U.S. Steel will continue to be located in Pittsburgh, Pennsylvania. 'This will be a planned partnership between U.S. Steel and Nippon Steel, which will create at least 70,000 jobs and add $14 billion to the U.S. economy. Most of the investment will be completed in the next 14 months.' The Financial Times reported that last week, Nippon Steel agreed to triple its investment in U.S. Steel as a final effort to persuade Trump to change his stance. Nippon Steel subsequently issued a statement saying that Trump's decision will mark a significant turning point for the U.S. steel industry and the entire U.S. manufacturing sector. (Xinhua News Agency)