U.S. Steel's amended charter gives Trump sweeping powers over major business decisions while he is in office. The "golden share" will then be held by the Treasury and Commerce Departments after Trump's term is over,

New disclosures with the U.S. Securities and Exchange Commission show that President Donald Trump will control the so-called “golden share” that’s part of the national security agreement under which he allowed Japan-based Nippon Steel to buy out iconic American steelmaker U.

According to disclosures made to the U.S. Securities and Exchange Commission, President Donald Trump will hold the so-called “golden share” that was part of the national security deal that permitted Japan-based Nippon Steel to purchase U.