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Trump to meet with US Steel, FedEx CEOs
Feb 6, 2025 10:09 AM

WASHINGTON, Feb 6 (Reuters) - U.S. President Donald

Trump will meet with the CEOs of U.S. Steel and FedEx ( FDX ) on

Thursday, White House officials said.

Nippon Steel's ( NISTF ) bid to acquire U.S. Steel was blocked last

month by then-President Joe Biden, citing national security

concerns.

U.S. Steel CEO David Burritt has appealed to Trump to

reverse the move.

Trump has remained vocal about his opposition to the

Japanese company's acquisition of U.S. Steel.

"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," Trump said in December.

However, Nippon Steel ( NISTF ) said on Thursday that its proposed

acquisition of U.S. Steel (X.N) fits with Trump's goal of a

stronger United States as the leaders of the two allies prepared

to meet.

Takahiro Mori, Nippon Steel's ( NISTF ) vice chairman, said he

hopes Japanese Prime Minister Shigeru Ishiba will convey that

message when he meets with Trump in the coming days and "open

the way for a deal."

"We are convinced that our acquisition plan is the best

proposal for U.S. Steel," he said.

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