Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

U.S. President Donald Trump said on Thursday the United States had a "golden share" in U.S. Steel as part of a deal for Nippon Steel to buy the iconic American company. It was not immediately clear what structural element of the deal Trump was referring to,

The move will also prevent Nippon Steel from transferring production or jobs outside the U.S. without consent of the U.S. president.