An unusual move by the Trump administration to give itself a golden share in U.S. Steel as part of a deal to approve Nippon Steel's takeover of the well-known U.S. company could drive away foreign investors in U.

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.

President Trump [initially opposed the proposed acquisition](

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.

Nippon Steel Corp. won conditional U.S. approval for its $14.1 billion purchase of United States Steel Corp., capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

President Trump’s foray into the takeover could reshape the future of foreign investment in the United States.

The U.S. Steel and Nippon deal continues to be a point of contention between labor and the presidential administration.

Nippon Steel’s $14 billion US Steel deal raises investor concerns over financing, control via golden share, and high acquisition premium.

The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.

President Donald Trump has paved the way for Japan-based Nippon Steel to invest in U.S. steel, reversing his own opposition to the deal over national security concerns.