President Donald Trump approved the merger of U.S. Steel with Japan's Nippon Steel only after the companies accepted the "golden share" arrangement.

New disclosures with the U.S. Securities and Exchange Commission show that President Donald Trump will control the so-called “golden share” that’s part of the national security agreement under which he allowed Japan-based Nippon Steel to buy out iconic American steelmaker U.

According to disclosures made to the U.S. Securities and Exchange Commission, President Donald Trump will hold the so-called “golden share” that was part of the national security deal that permitted Japan-based Nippon Steel to purchase U.