David Burritt, president and CEO of U.S. Steel Corp., speaks at an Economic Club of Detroit event in Detroit, Michigan, U.S., Tuesday, Sept. 17, 2024.
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Biden formally blocked the deal worth more than $14 billion 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 filed a lawsuit against Monday asking a federal court to overturn Biden's decision, accusing the president of acting unconstitutionally.
Trump did it too opposed the sale of US Steel to Nippon. Burritt believes he can convince the president-elect that the deal is in the best interest of the company and American workers.
“We want due process to work,” Burritt said. “Of course we have a new president who will look at this matter afresh. We understand his current views, but he's a smart guy. “He has a chance to look with fresh eyes and do what's right, and I firmly believe he will,” he added.
Asked for comment, the White House said that “the committee of national security and trade experts concluded that this acquisition would create a risk to America's national security.” Trump's transition team responded to the president-elect's previous comments opposing the agreement.