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David Burritt, president and chief executive officer of US Steel Corp., speaks during a Detroit Economic Club event in Detroit, Michigan, US, Tuesday, Sept. 17, 2024.
Nic 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 made a cause Monday asking a federal court to overturn Biden’s decision, accusing the president of acting unconstitutionally.
Trump has too opposes the sale of US Steel in Nippon. Burritt believes he can convince the president-elect that the deal is in the best interest of the company and American workers.
“What we want is for due process to work,” Burritt said. “Obviously, we have a new president who will take a new look at this. We understand what his current views are, but he’s a smart guy. He has an opportunity to have fresh eyes and do what’s right, and I firmly believe that he will be,” he added.
The White House, when asked for comment, said that “a committee of national security and trade experts has determined that this acquisition creates a risk to American national security.” Trump’s transition team referred to the president-elect’s previous comments opposing the deal.
