Royal Palm Companies CEO Daniel Kodsi discusses whether President Biden is right to block Nippon’s acquisition of U.S. Steel on ‘Varney & Co.’
President Donald Trump is set to meet with the CEO of U.S. Steel on Thursday as Nippon Steel’s vice chairman touts its proposed bid to buy the struggling steelmaker as meeting the president’s objectives.
U.S. Steel CEO David Burritt will meet with Trump at the White House, administration officials said, according to a Reuters report.
Trump has previously expressed opposition to the deal, which former President Joe Biden blocked before leaving office. He said in December, “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan.”
The meeting comes as Nippon Steel said Thursday that its bid to buy U.S. Steel aligns with Trump’s goal of a stronger U.S. ahead of a…
