The U.S. government's ownership of a golden share in U.S. Steel will not block Nippon Steel from taking any management action that it deems appropriate, the Japanese steelmaker's CEO said on Thursday.

The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.

This agreement includes a golden share for the US government, allowing it to veto significant business decisions and appoint a board member.