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.

Japan’s Nippon Steel has pitched a new American plant and billions of additional investments to clinch support for a deal.

A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel 's bid for U.S. Steel but most panel members believe any security risks posed by the deal can be addressed,