Nippon Steel's $14 billion bid to acquire U.S. Steel is nearing completion after President Trump's apparent endorsement. Trump's announcement of a 'partnership' is seen as a reversal of his prior opposition and suggests a deal structured to maintain American control. Nippon Steel aims for full ownership, promising technology transfer and investment. The deal awaits Trump's executive order overturning a previous block.

Prepared by Christopher Adams and reviewed by editorial team.