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.

U.S. Steel’s so-called “partnership” with Nippon appears to be nearing its end after about 18 months after it was announced.

United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President Donald Trump.

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.

The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.

The U.S. Steel and Nippon deal continues to be a point of contention between labor and the presidential administration. President Trump is celebrating what he's calling a majority 51% American ownership.