US media report the government's "golden share" in US Steel after it's acquired by Nippon Steel will give the White House significant sway over the company's management.

Pittsburgh's Action News 4 anchor Andrew Stockey sat down with Republican Senator Dave McCormick prior to his event in Pittsburgh's South Park neighborhood Monday.

The Trump administration's decision to secure a golden share in U.S. Steel as part of Nippon Steel's acquisition has raised concerns among foreign investors. The share grants the U.S. government veto power over key decisions,

President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.

Companies fulfill Trump’s requirements for deal Agreement includes US$11 billion (RM46 billion) in new investments Nippon Steel says it will take 100 per cent stake in