Core Points - President Donald Trump holds significant veto power over U.S. Steel's decisions through a "golden share" arrangement, which will transition to the Treasury and Commerce Departments after his presidency [2][5] - The merger between U.S. Steel and Japan's Nippon Steel was approved by Trump under a national security agreement, despite his initial opposition [3][4] - U.S. Steel is now a wholly owned subsidiary of Nippon Steel North America, with its shares ceasing to trade on the New York Stock Exchange following the deal [6] Company Decisions Affected by Veto Power - Changing U.S. Steel's name and relocating its headquarters outside the U.S. [7] - Closing, idling, or selling production locations through 2035, including Granite City Works by 2027 [7] - Cutting employee base salaries through 2030 [7] - Reducing, waiving, or delaying a $10.8 billion capital investment timeline [7] - Acquiring any competing business in the U.S. [7]