US Steel CEO calls on Trump to take a fresh look at Nippon deal, calls Biden's decision corrupt

David Burritt, president and CEO of US Steel Corp., speaks at an Economic Club of Detroit event in Detroit, Michigan, U.S., Tuesday, September 17, 2024.

Nicolas Antaya | Bloomberg | Getty Images

Biden formally 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 Monday asking a federal court to overturn Biden's decision, alleging the president acted unconstitutionally.

Trump also opposed the sale of US Steel to 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 due process to work,” Burritt said. “Obviously we have a new president who is going to take a fresh look at this. We understand what his current views are, but he's a smart guy. He has the opportunity to have a fresh set of eyes and to do what is right, and I am convinced that he will do it,” he added.

The White House, reached for comment, said “a committee of national security and trade experts determined that this acquisition would create a risk to American national security.” Trump's transition team recalled the president-elect's previous comments opposing the deal.

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