To save its takeover of U.S. Steel, Japan’s Nippon Steel agreed to an unusual arrangement, granting the White House a “golden share” that gives the government an extraordinary amount of influence over a U.

President Trump on Friday cleared way for Nippon Steel purchase of U.S. Steel, including unusual control for the president.

An unusual move by the Trump administration to give itself a golden share in U.S. Steel as part of a deal to approve Nippon Steel's takeover of the well-known U.S. company could drive away foreign investors in U.