US government will maintain a ‘golden share»To United States Steel after being sold to Japanese Nippon Steel, as the President said Donald Trump.
“We have a golden stock, which I control, or a president, controls,” Trump said on Thursday (12.6.2025) at a White House event, adding: “This gives you complete control.”
US Steel shares jumped up to $ 54.13 after Trump’s comments, approaching Nippon Steel’s $ 55 per share. The shares rose 0.8% to $ 53.92 at 12:15 pm in New York, according to Bloomberg.
Trump claimed that the share amounted to “51% of Americans”, although it was not immediately clear what it meant.
Trump’s comment was the first public confirmation by the government to seek a golden share. The White House has not yet clarified what this would mean, including – as is usually the case – as it would include participation in the share capital.
Trump tried to assure steel workers that the iconic American company would remain rooted in the US despite its sale to a Japanese company.
The deadline of the merger agreement expires on 18 June. “I think it will be completed soon soon,” Commerce Minister Howard Lutnik said on Wednesday (11.6.2025).