Trump announces "planned partnership" of U.S. Steel, Nippon Steel

U.S. President Donald Trump announced on Friday that there will be a "planned partnership" between U.S. Steel and Nippon Steel, with substantial investment from the Japanese manufacturer in the U.S. company. 

"US Steel will remain in America, and keep its Headquarters in the Great City of Pittsburgh," Trump said in a post on Truth Social. "This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add 14 Billion Dollars to the U.S. Economy. 

The bulk of that investment will occur in the next 14 months," Trump said. The President also noted that he will attend a big rally at the U.S. Steel headquarters in Pittsburgh on May 30.