David Burritt, president and chief executive 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 blocked the more than $14 billion deal on Friday, citing national security concerns after a monthslong review by the Committee on Foreign Investment in the United States.
U.S. Steel and Nippon filed a lawsuit Monday asking a federal court to reverse Biden’s decision, alleging that the president acted unconstitutionally.
Trump has also opposed U.S. Steel’s sale to Nippon. Burritt believes 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 said. “Obviously, we have a new president that will take a fresh look at this. We understand what his current views 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 Trump transition team and the White House did not immediately respond to requests for comment.
This is a developing story. Please check back for updates.
