President Donald Trump appeared to approve a long-pending deal between U.S. Steel and its Japanese rival Nippon Steel on Friday, posting on his Truth Social account that there will be a “planned partnership” between the two companies.

U.S. President Donald Trump on Friday expressed support for Nippon Steel's $14.9 billion bid for U.S. Steel, saying their "planned partnership" would create jobs and help the American economy. Shares of U.

President Trump announced U.S. Steel will “REMAIN in America" through a new partnership with Japan's Nippon Steel, preserving jobs and boosting U.S. manufacturing.