US President Donald Trump met with U.S. Steel CEO David Buritt at the White House, sparking renewed speculation about a potential deal between Japanese firm Nippon Steel and the struggling steelmaker.
Nippon Steel’s $14.9 billion bid for U.S. Steel was blocked by former President Joe Biden last month. However, the company claims its proposal aligns with Trump’s goal of strengthening the US economy.
“We are convinced that our acquisition plan is the best proposal for U.S. Steel,” said Takahiro Mori, Nippon Steel’s vice chairman. The company hopes a meeting between Trump and Japanese Prime Minister Shigeru Ishiba will pave the way for a deal.
Trump has previously expressed opposition to the takeover, citing national security concerns. Nevertheless, he has welcomed Japanese investment in technology sectors. A meeting with Ishiba is scheduled for Friday at the White House.
Source: https://www.reuters.com/world/us/trump-meet-with-us-steel-fedex-ceos-abc-news-reports-2025-02-06