US Steel CEO urges Trump to take a fresh look at Nippon deal, slams Biden’s decision as corrupt

Biden formally blocked the more than $14 billion deal on Friday, citing national security concerns, after a month-long review by the Committee on Foreign Investment in the United States.

US Steel and Nippon sued Monday is asking a federal court to overturn Biden’s decision, arguing that the president acted unconstitutionally.

So does Trump opposed the sale of US Steel to Nippon. Berrit believes he can convince the president-elect that the deal is in the best interests of the company and US workers.

“We want due process to work,” Burritt said. “Obviously, we have a new president who will take a new look at this. We understand his current views, but he’s a smart guy. He has the opportunity to take a new look and do what is right, and I firmly believe that he will do it,” he added.

Asked for comment, the White House said “a committee of national security and trade experts has determined that this acquisition poses a risk to US national security.” Trump’s transition team has gone back on the president-elect’s previous comments opposing the deal.