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

Aaron Bartnick, a former Cfius official during the Biden administration, said that further deals resembling the one for US Steel would mark a “meaningful shift” in America’s approach to capital markets, after decades of criticising other nations for taking golden shares in national champions.

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.