WASHINGTON — President Trump announced Friday that Japan-based Nippon Steel will be allowed to invest in US Steel, ending a years-long drama over the fate of a company once synonymous with American economic power.

The United States is increasingly recognizing the importance of Japan for its economy, the Asian country's chief tariff negotiat

A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel 's bid for U.S. Steel but most panel members believe any security risks posed by the deal can be addressed,

“Investment, not tariffs,” Ishiba told reporters after the talks. He said Japan’s position to keep pushing Washington to drop all recent tariff measures is unchanged and that he stands by plans to push for Japanese investment to create more jobs in the U.S. in exchange.