Trump touts 'partnership' in steel deal with Nippon: 'US Steel will REMAIN in America'

President Donald Trump announced Friday that "U.S. Steel will REMAIN in America" and keep its headquarters in Pittsburgh through a new "partnership" with Japan’s Nippon Steel.

The deal, which the White House described as a major win for U.S. manufacturing, shifts away from a full foreign acquisition and instead brings fresh capital into domestic steel operations. 

Trump said the agreement would create at least 70,000 jobs and inject $14 billion into the American economy over the next 14 months.