01/08/2025

U.S. Steel CEO Begs for Trump to Take Fresh Look at Nippon Deal

He also slammed President Biden's decision as corrupt

U.S. Steel CEO David Burritt on Tuesday appealed to President-elect Donald Trump to reverse President Joe Biden's decision to block the company’s sale to Japan’s Nippon Steel.

"The [future] president can step in now and undo the wrongful, shameful, corrupt actions of [President] Biden," Burritt said Tuesday on CNBC's "Squawk on the Street."

Last Friday, Biden formally blocked the more than $14 billion deal, citing national security concerns after a months-long review by the Committee on Foreign Investment in the United States.

Please select this link to read the complete article from CNBC.