Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel.

Washington, June 14 (Jiji Press)--The "golden share" to be held by the U.S. government in United States Steel Corp. will prevent the company from relocating its headquarters from Pittsburgh, Pennsylvania, and changing its name without the consent of the U.S. president, U.S. Commerce Secretary Howard Lutnick said Saturday.