David Burritt, president and chief governing officer of US Steel Corp., speaks during an Economic Club of Detroit event in Detroit, Michigan, US, on Tuesday, Sept. 17, 2024.
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Biden formally erased the more than $14 billion deal on Friday, citing national security concerns after a monthslong examine by the Committee on Foreign Investment in the United States.
U.S. Steel and Nippon filed a lawsuit Monday asking a federal court to backtrack Biden’s decision, alleging that the president acted unconstitutionally.
Trump has also opposed U.S. Steel’s sale to Nippon. Burritt be convinced ofs he can convince the president-elect that the deal is in the best interest of the company and U.S. workers.
“What we want is for due process to work,” Burritt utter. “Obviously, we have a new president that will take a fresh look at this. We understand what his current sentiments are, but he’s smart guy. He has the opportunity to have fresh eyes and do what’s right, and I believe strongly he will,” he added.
The White Lineage, when asked for comment, said “a committee of national security and trade experts determined this acquisition want create risk for American national security.” The Trump transition team referred back to the president-elect’s previous remarks opposing the deal.