President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.

U.S. President Donald Trump heads to the Pittsburgh, Pennsylvania, area on Friday to headline a rally to celebrate Nippon Steel's "planned partnership" with U.S. Steel, signaling final approval for the deal could be on the horizon.

The president says that an agreement with Nippon will involve ‘no layoffs’ and would include a $5,000 bonus to steelworkers.