Joining steel and aluminum is vital for lightweight automobile but still challenging due to their different physical properties. Herein, resistance spot welding tests were performed on CP780 high-strength steel (thickness 1 mm) and 7075 aluminum alloy (thickness 1.5 mm) dissimilar metals under steady-state magnetic field. The influences of magnetic field (B = 40 mT) on the structure of welded joints, the phase composition/content of intermetallic compounds, and tensile properties of welded joints were analyzed under different welding current conditions (I = 9 kA,10 kA, 11 kA, and 12 kA). At the same welding current, the Lorentz force generated by the additional magnetic field promoted the outward circumferential movement of the molten metal in the weld along the horizontal surface , as well as increased the diameter of the Fe/Al contact interface in the weld nugget along the horizontal direction, conducive to the effective utilization of heat of the resistance spot welding. Except under (11 kA-0 mT) and (11 kA-40 mT), welded joints under other welding parameters displayed a few welding defects, such as incomplete fusion and shrinkage cavity formed at the cross-section of the welded joints. Therefore, the synergism between the magnetic field and appropriate welding current held important roles in the formation of welded joints without obvious welding defects. The intermetallic compounds of all the welds were mainly composed of (Fe, Si)Al2 and (Fe, Si)Al5. Meanwhile, the thickness and content of the intermetallic compounds layer reduced under a magnetic field at the same welding current, significantly improving the tensile properties of the welded joints. The comprehensive properties of welded joints were the best under 11 kA-40 mT, with an average shear force increase from 3.02 kN to 3.49 kN (15.56%) and an average displacement increase from 1.01 mm to 1.22 mm (20.79%). Overall, the proposed dissimilar aluminum/steel resistance spot welded joint assisted by magnetic field looks promising for lightweight automobile use.