Trump clears path for Nippon Steel investment in US Steel, so long as the Japanese firm complies with a ‘national security agreement’

President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government.

Trump’s order didn’t detail the terms of the national security agreement.

But the iconic American steelmaker and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made...