Posts tagged Howard Lutnick
Trump administration offers some details of how it would control US Steel, but union raises concerns
June 16, 2025 // The union said it was “disappointed” that Trump “has reversed course” and raised basic questions about the ownership structure of U.S. Steel. “Neither the government nor the companies have publicly identified what all the terms of the proposed transaction are,” the letter said. “Our labor agreement expires next year, on September 1, 2026, and the USW and its members are prepared to engage the new owners" of U.S. Steel "to obtain a fair contract.” If Trump has as much control of U.S. Steel as he has claimed, that could put him in the delicate position of negotiating the salary and benefits of unionized steelworkers going into midterm elections.