WASHINGTON, Feb 6 (Reuters) - President Donald Trump met
U.S. Steel Chief Executive David Buritt at the White House
on Thursday as the struggling steelmaker has been pushing for a
decision on its long-sought takeover by Japan's Nippon Steel ( NISTF )
.
A $14.9 billion bid for U.S. Steel by Nippon Steel ( NISTF ) was
blocked last month by former President Joe Biden.
Trump has also opposed the deal but has welcomed Japanese
investment in the technology sector. He will meet on Friday with
Japan's Prime Minister Shigeru Ishiba at the White House.
It was not immediately clear what was discussed at the
meeting between Trump and U.S. Steel's Buritt.
Last year, Trump said "I am totally against the once great
and powerful U.S. Steel being bought by a foreign company, in
this case Nippon Steel ( NISTF ) of Japan."
However, Nippon Steel ( NISTF ) said on Thursday that its bid fits
with Trump's goal of a stronger U.S. as the leaders of the two
allies prepared to meet.
"We are convinced that our acquisition plan is the best
proposal for U.S. Steel, and I hope that the (Japanese Prime
Minister Shigeru) Ishiba-Trump meeting will convey that to Trump
and open the way for a deal," Takahiro Mori, Nippon Steel's ( NISTF ) vice
chairman, told reporters on Thursday.
Meta Platforms' ( META ) Mark Zuckerberg and FedEx ( FDX )
Executive Chairman and Founder Frederick Smith were also at the
White House for meetings on Thursday. It remained unclear if
they met Trump.
A Meta spokesperson said on social media platform X
Zuckerberg was at the White House to discuss how Meta can help
the administration advance American tech leadership abroad.
(Reporting by Nandita Bose, Steve Holland, Jasper Ward; Editing
by Franklin Paul, Doina Chiacu, David Gregorio and Muralikumar
Anantharaman)