Donald Trump approved the deal last week after White House was offered a golden share

British carmakers and aerospace manufacturers expected to secure quick benefits, but steel producers await further details

US official indicates the measure would be used sparingly in future cross-border takeovers

Donald Trump approved the deal last week after White House was offered a golden share

Nippon agreed to give a "golden share" to the US government to win approval of the takeover.

The deal also allows US President Donald Trump to appoint a board member.

Japan-based Nippon Steel on Wednesday completed its buyout of U.S. Steel, changing its name to Nippon Steel North America, as the former U.S. industrial giant ended trading on…

Nippon Steel’s $15bn deal for US Steel reflects a version of capitalism that does not fully serve the interests of shareholders