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Howard Lutnick: “Nippon Steel, promised 12 things. And once they buy the…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Published | Video Starts at 26:19

Every one of those things. I'll give you the last example. The golden share, right? U.S. steel, of U.S. steel. So they promised. Nippon Steel, promised 12 things. And once they buy the company, how are you going to enforce those 12 things? So we said, okay, our board member is just going to enforce those 12 things, right? They said they're going to close one of the plants that's in one of those 12 things. (26:19–26:27)

CLAIM

Asserts that Nippon Steel made 12 promises regarding a company acquisition.

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