President Donald Trump announced Friday afternoon that U.S. Steel and Nippon Steel will form a "planned partnership," keeping the American company's headquarters in Pittsburgh rather than in Japan.

Former President Joe Biden previously blocked a deal for Japan's Nippon Steel to take over U.S. Steel on national security grounds.

President Donald Trump announced Friday afternoon that U.S. Steel and Nippon Steel will form a "planned partnership," keeping the American company's headquarters in Pittsburgh…