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President Donald Trump on Thursday met US Steel chief executive David Buritt at the White House as the struggling steelmaker has been pushing for a decision on its long sought tie-up with Japan’s Nippon Steel.
Trump has also opposed the deal but has welcomed Japanese investment in the technology sector. He will meet Friday with Japan’s Prime Minister Shigeru Ishiba at the White House. Last year, Trump said “I am totally against the once great and powerful US Steel being bought by a foreign company, in this case Nippon Steel of Japan.”that its bid fits with Trump’s goal of a stronger US as the leaders of the two allies prepared to meet.
Takahiro Mori, Nippon Steel’s vice chairman, said he will convey that message when he meets with Trump on Friday and “open the way for a deal.”Meta’s Mark Zuckerberg and FedEx executive chairman and founder Frederick Smith were also at the White House for meetings on Thursday. It remained unclear if they met Trump.Tariff worries have led to premiums in the New York market and weeks-long queues to withdraw metal from the BOE.
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