President Trump and Nippon Steel's vice chairman took the stage together in harmony, with the US set to approve Nippon Steel's complete acquisition of US Steel. On local time of the 30th, US President Trump held a rally at the steel plant of US Steel (US Steel) in a suburb of Pittsburgh, Pennsylvania, praising the "agreement" and partnership between Nippon Steel and US Steel. Takahiro Mori, vice president and deputy chairman of Nippon Steel, spoke on stage with Trump, responding in unison. It was reported that regarding Nippon Steel's acquisition plan for the American steel giant US Steel, the US side is moving toward final coordination to approve Nippon Steel's full subsidiary status (i.e., obtaining 100% shares). However, President Trump did not explicitly state whether he would approve this relatively sensitive diplomatic plan of Nippon Steel's full acquisition of US Steel during the rally on the 30th. In front of over 1,600 listeners, President Trump delivered his speech, saying: "We gather here today to celebrate a major agreement to ensure that this historic American enterprise (US Steel) remains an American company." He also said: "You will continue to be an American company, and we will gain an excellent partner." Although President Trump did not reveal specific details of the "partnership," he emphasized that "US Steel will remain under American control." He further explained that Nippon Steel will invest a large amount of money in modernization and research and development of US Steel, stating that "most of the spending will be completed within the next 14 months." He pointed out that this will secure 100,000 jobs within the United States, adding that "all facilities will remain in the US, steel plants will not close, and success will be achieved." According to the Yomiuri Shimbun article published on Japanese time on the 31st titled "The Trump Administration Will Approve Nippon Steel's Full Subsidiary Status for US Steel and Sign a 'National Security Agreement' with the US Side": Regarding Nippon Steel's acquisition plan for the American steel giant US Steel, the US side is moving toward final coordination to approve Nippon Steel's full subsidiary status (i.e., obtaining 100% shares). The report pointed out that in order to maintain certain influence over the operation of US Steel by the US government, Nippon Steel will sign a "national security agreement" with the US government. President Trump is expected to make a statement on this issue on the 30th (US time). This agreement will include the following contents: without the approval of the US side, the capacity of US Steel cannot be reduced within a certain period, production bases cannot be relocated from the US, and Nippon Steel must regularly report to the US Committee on Foreign Investment (CFIUS), etc. At the same time, the agreement stipulates that more than half of the board members of US Steel, as well as key executive positions such as the CEO (Chief Executive Officer) and CFO (Chief Financial Officer), must be held by American citizens. However, President Trump did not explicitly state whether he would approve this relatively sensitive diplomatic case of Nippon Steel's acquisition during the rally on the 30th. Takashi Mori, vice president and deputy chairman of Nippon Steel who visited the headquarters of US Steel in Pittsburgh, Pennsylvania, spoke on stage with Trump, saying: "Thanks to President Trump, US Steel will continue to produce steel by Americans." He emphasized that a large-scale investment to rebuild US Steel will be launched. The premise of Nippon Steel's acquisition of US Steel is the full subsidiary status of US Steel. The fact that Takashi Mori spoke on stage with Trump should indicate that Nippon Steel has already received the US side's promise for the full acquisition of US Steel. Original source: https://www.toutiao.com/article/1833637858601987/ Disclaimer: This article solely represents the author's personal views.