US Steel CEO urges Trump to take another look at Nippon deal, slams Biden’s decision as corrupt
David Burritt, president and CEO of US Steel Corp., speaks during the Economic Club of Detroit event in Detroit, Michigan, U.S., Tuesday, Sept. 17, 2024.
Nic Antaya | Bloomberg | Getty Images
Biden officially blocked the more than $14 billion deal on Friday, citing national security concerns after a months-long review by the Committee on Foreign Investment in the United States.
US Steel and Nippon filed a lawsuit Mondoy asking a federal court to overturn Biden’s decision, saying the president acted unconstitutionally.
Trump too opposed the sale of US Steel in Nippon. Burritt believes he can convince the president-elect that the deal is in the best interests of the company and American workers.
“What we want is for the legal process to work,” Burritt said. “Obviously we have a new president who will look at this in a new way. We understand what his current views are, but he’s a smart guy. He has an opportunity to take a fresh look and do what’s right, and I strongly believe he will,” he added. .
Trump’s transition team and the White House did not immediately respond to requests for comment.
