President Trump announced that Nippon Steel will invest heavily in U.S. Steel instead of acquiring the company, as initially proposed. Trump cited national security concerns and the importance of U.S. Steel to the country as reasons for the decision. He also mentioned that the Department of Government Efficiency (DOGE), led by Elon Musk, will be reviewing the Department of Education and the Pentagon for cost savings.
The president said Nippon Steel would invest in U.S. Steel rather than take over the storied American manufacturer. He also said DOGE would look for savings at the Pentagon and Education Department.President Trump speaks during a joint press conference with Japanese Prime Minister Shigeru Ishiba following talks, in the East Room of the White House on Friday.President Trump delivered an update on U.S.
Trump, who referred to Nippon Steel as"Nissan" several times during the news conference, said he would be meeting with the company's leaders to work out the details of the agreement. Trump said DOGE would be going through"just about everything," but singled out reviews of both the Department of Education and the Pentagon."I've instructed to go check out Education, to check out the Pentagon, which is the military, and you know, sadly, you'll find some things that are pretty bad, but I don't think proportionally, you're going to see anything like we just saw.
NIPPON STEEL US STEEL INVESTMENTS TRUMP DOGE ELON MUSK DEFENSE DEPARTMENT EDUCATION DEPARTMENT
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