President Trump is scheduled to deliver remarks during a rally at U.S. Steel’s Irvin Works plant tonight at 5 pm in celebration of a new deal entered into between the American steel manufacturer and Japan’s Nippon Steel.
The President has called the deal “the largest Investment in the History of the Commonwealth of Pennsylvania.”
U.S. Steel, headquartered in Pittsburgh, Pennsylvania, is the 27th largest steelmaker in the world and produces roughly 14.5 million tons of liquid steel annually.
Previously, under Biden, Nippon Steel was set to acquire United States Steel Corporation in a cash transaction valued at nearly $15 billion, raising questions about the future of American industry and labor amid larger national security conversations.
But President Trump saved U.S. Steel, and the company will “REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” he said.
As The Gateway Pundit reported, the President announced the finalization of an agreement last week, saying it will create “at least 70,000 jobs” and “add $14 Billion Dollars to the U.S. Economy.”
JUST IN: President Trump Announces BIG Rally on May 30 to Celebrate Massive Investment in US Steel – Partnership with Nippon Steel will “Create at Least 70,000 jobs, and Add $14 Billion Dollars to the U.S. Economy”
U.S. Steel said in a statement, “We will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies, and thousands of jobs over the next four years.”
“U. S. Steel greatly appreciates President Trump’s leadership and personal attention to the futures of thousands of steelworkers and our iconic company.”
President Trump is set to arrive at the steel plant at 4:50 pm ET and begin his speech at 5 pm.
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