US media report the government's "golden share" in US Steel after it's acquired by Nippon Steel will give the White House significant sway over the company's management.

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.

President Trump on Friday cleared the way for Japan-based Nippon Steel to acquire U.S. Steel, though key details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.