President Trump will travel to a steel plant outside Pittsburgh on Friday to celebrate a multi-billion dollar deal between the U.S. steel company and Japanese company Nippon Steel. Trump touted the deal as a "planned partnership" and a major victory for U.S. manufacturing, but the details of the actual situation in the agreement are far from clear.

The prospect of a deal between the two steel giants has been a debate issue for more than a year. Former President Joe Biden and then-Trump both opposed the deal during the campaign. Biden later blocked the sale in January, citing concerns about national security.

But President Trump changed his tune, Announce the truth on his social media website Last week, the $14 billion deal will keep the U.S. steel

"I'm proud to announce that after a lot of consideration and negotiation, U.S. Steel will stay in the U.S. and keep its headquarters in the big Pittsburgh city," Trump wrote on Friday. "For years, the name "U.S. Steel" was synonymous with greatness and will now be again. It will be a planned partnership between U.S. Steel and Japanese Steel, which will create at least 70,000 jobs and add $14 billion to the U.S. economy."

There is little detail about the actual situation in the transaction. Trump himself seemed to tell reporters last weekend that the deal was not the final one.

"You know we're going to see the final state, but they're going to invest billions of dollars in steel, it's a good company, Nissan, it's a very good company, but we're going to see it," Trump told reporters.

"But it's an investment and partial ownership, and it will be controlled by the United States," he said.

Celebrating the guesses before

The White House did not answer questions about the transaction structure.

American Steel Make a statement The deal announced that it praised Trump's leadership and promised further investment in the U.S., but the company did not submit any forms to the SEC and did not release any details about the agreement.

"U.S. Steel will continue the U.S. and through its partnership with Japan Steel, we will bring a lot of investment, new technologies and thousands of jobs over the next four years, and we will become bigger and stronger."

Andrew Fulton, a spokesman for Steel, said he could not provide any further information when commenting on Thursday.

This leaves market analysts who advise investors to speculate. Several industry experts told NPR they suspect the agreement is very different from the structure of the 2024 acquisition of U.S. Steel.

"It's an acquisition regardless of how the government and or non-U.S. Steel's non-turnaround is positioned," said Gordon Johnson, CEO of Glj Research. "It's obviously an acquisition."

Others speculate that discussions about the partnership may be a way to cover up Trump’s planned reversal. Phil Gibs of the Capitol Market in major banks said the vague statements seemed intentional.

"It has to be intentionally opaque because there are a lot of mistakes, mistakes, litigation, political intervention, and then we finally come to the conclusion, and we even question the conclusion," he said.

Pennsylvania's political gains

It was one of Trump's first domestic trips since he returned to his office, and he was undoubtedly going to Pennsylvania. The state helped him in the presidency in 2024, and Republicans remain a key state in preparation for next year’s midterm elections.

The trip also provided an opportunity for the president to highlight the main theme of the first few months of his second term: bringing foreign investment to the United States through opening up manufacturing.

But the bleak details of the agreement could complicate his victory circle. United Steel Workers Union Release a statement this week Questioning the transaction.

"At present, we cannot say whether the 'planning partnership' of the social reports or news coverage of truth since then represents any meaningful changes to the proposed merger in 2023, under which Nippon Steel will acquire U.S. Steel and use it as a wholly owned subsidiary," the statement said. "Our core focus on Nippon Steel - a foreign-owned company with a history of violating U.S. trade laws, remains as powerful and effective as ever, whether that's true, whether that's true, whether that's true, whether that's true, whether that's true, whether that's true, whether that's true, whether that's true, U.S. Steel and Nippon comply with the deals pursued since December 2023 or whether they have adjusted the terms of meeting the concern in Washington."

National Democratic politicians, including Gov. Josh Shapiro, provided very tentative statements. Shapiro has spoken directly with Trump in recent weeks and has not accepted the deal.

“Throughout the process, I have always insisted that my priority is to retain and develop my work in Pennsylvania and to obtain the biggest investment we may have in our Commonwealth – as I have expressed directly to President Trump when discussing the deal in recent days.”

Politicians and analysts have said they will watch the president’s trip to find some clues about the details.