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Trump To Meet Us Steel Ceo As Nippon Steel Chief Touts Deal As Meeting Trump's Goals
Published February 6, 2025 1:48pm EST
President Donald Trump is set to meet with the CEO of U.S. Steel on Thursday as Nippon Steel's vice chairman touts its proposed bid to buy the struggling steelmaker as meeting the president's objectives.
U.S. Steel CEO David Burritt will meet with Trump at the White House, administration officials said, according to a Reuters report.
Trump has previously expressed opposition to the deal, which former President Joe Biden blocked before leaving office. He said in December, "I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan."
The meeting comes as Nippon Steel said Thursday that its bid to buy U.S. Steel aligns with Trump's goal of a stronger U.S. ahead of a meeting between the president and Japan's prime minister.
Nippon Steel said in a statement that its acquisition of U.S. Steel "contributes to Trump's goals of promoting U.S. investment, creating U.S. jobs, and strengthening U.S. manufacturing through new investment and advanced technology transfer."
"We are convinced that our acquisition plan is the best for U.S. Steel," Nippon Steel vice chairman Takahiro Mori told reporters on Thursday, adding that he hopes Trump's meeting with Japanese Prime Minister Shigeru Ishiba will "convey that to Trump and open the way for a deal."
Trump is also expected to meet with FedEx CEO Raj Subramaniam at the White House on Thursday, according to the report.
Reuters contributed to this report.
This is a developing story. Please check back for updates.
