US Control Over 'Golden Share' in U.S. Steel Deal Sparks Political Debate

President Donald Trump will hold the 'golden share' in the recent acquisition of U.S. Steel by Nippon Steel, according to U.S. Securities and Exchange Commission filings. This provision grants the President the authority to influence key decisions impacting domestic steel production and competition with foreign companies.

While the White House states that the share is assigned to the current president or their designee, the language of the agreement specifically references President Trump. Control reverts to the Treasury and Commerce Departments under future administrations. Critics argue that the explicit mention of Trump indicates a unique influence during his presidency, raising questions about the political and security implications of such arrangements. This development has ignited scrutiny over the intersection of national security, corporate acquisitions, and political influence.