United States Steel Corporation President and CEO David Burritt speaks at a Detroit Economic Club event on Tuesday, September 17, 2024, in Detroit, Michigan, USA.
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Biden After months of review by the Committee on Foreign Investment in the United States, the United States on Friday formally blocked the deal, worth more than $14 billion, citing national security concerns.
United States Steel Corporation, Japan Steel Corporation Munda files suitI am asking a federal court to overturn Biden’s decision and charge that the president’s actions were unconstitutional.
Trump also Oppose the sale of U.S. Steel To Japan. 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 take effect,” Burritt said. “Obviously, we have a new president and he’s going to take a fresh look at this issue. We understand his current perspective, but he’s a smart guy. He has an opportunity to take a fresh look and do the right thing, and I have no doubt he will, ” he added.
The Trump transition team and the White House did not immediately respond to requests for comment.
