AsianFin -- U.S. President Donald Trump met with U.S. Steel Corp. CEO Dave Burritt on Thursday at the White House, according to sources familiar with the matter. The meeting took place amid growing uncertainty over the company’s future and the stalled acquisition deal with Nippon Steel.
The Japanese steel giant has been working to salvage its $14.9 billion bid for U.S. Steel, which was blocked by the Biden administration in January due to national security concerns. The meeting between Trump and Burritt raises speculation over whether the deal could be reconsidered, particularly as Trump’s administration had previously supported policies favoring domestic steel production.
The discussions come just a day before Japanese Prime Minister Shigeru Ishiba’s planned visit to Washington, which is expected to include talks on trade and economic cooperation.
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