Nippon Steel plans to invest $14 billion in U.S. Steel's operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter.

Trump’s statement on a “planned partnership” between the two companies left it vague as to whether he is approving Nippon Steel’s bid after he vowed repeatedly to block the

WASHINGTON — President Trump announced Friday that Japan-based Nippon Steel will be allowed to invest in US Steel, ending a years-long drama over the fate of a company once synonymous with American economic power.

A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel , a person familiar with the matter said,