President Trump on Friday cleared way for Nippon Steel purchase of U.S. Steel, including unusual control for the president.

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.

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.