Tomohiro Ohsumi/Getty Images Peter Navarro, Trump's trade adviser, insisted on Thursday that U.S. Steel "owns" the company. "Nippon Steel is going to have some involvement but no control of the ...

Dilok Klaisataporn Globally, continued uncertainty over the ongoing US trade dispute kept investors cautious through the week. U.S.

Nippon Steel declined to comment. US Steel and the White House could not be immediately reached for comment. Nikkei reported earlier in the day that a golden share was under consideration. US Steel shares were trading at $53, up 2%, their highest point since the deal was announced, as investors bet it would close soon.

U.S. Sen. David McCormick said Tuesday that an arrangement that will allow Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of board members from the United States and U.

The price of steel products has increased roughly 16% since Trump became president, according to the government’s producer price index.

President Donald Trump touts Nippon Steel’s partnership with U.S. Steel, calling it “a blockbuster agreement" that ensures the company “stays an American company."