Trump to meet the CEO of US Steel, Chairman of the Board of Directors at the White House

president Donald Trump It is scheduled to meet with the CEO of USS Steel on Thursday, when the Vice Chairman of the Nippon Steel Board of Directors made his proposed offer to buy the faltering steel maker as achieving the president’s goals.

Administration officials said, according to a Reuters report that Steel CEO in the United States will meet with Trump at the White House.

Trump has previously expressed his opposition to the deal, which was prevented by former President Joe Biden before leaving his post. He said in December, “I am against the great and strong American steel that is purchased by a foreign company, in this case Nippon Steel in Japan,” he said in December.

The meeting comes as Nippon Steel said on Thursday that an attempt to do so We bought steel In line with Trump’s goal is the strongest United States before a meeting between the President and the Japanese Prime Minister.

Does Nippon Steel to buy the United States threaten national security? Experts weigh

Nippon Steel said in a statement that her plan to acquire the United States of America for $ 14 billion “contributes to Trump’s goals in strengthening US investment, creating US jobs, and reinforcement United States manufacturing Through the new investment and the transfer of advanced technology.

“We are convinced that our own acquisition plan is the best for us. A deal,” Takaoro Mori, Chairman of Nippon Steel, told reporters.

Trump’s meeting with Ishiba is expected to happen on Friday. Mori said he visited the United States last week, but he refused to say whether he met members Trump administration.

index	protection	last	Changing	% Change
x	The United States Steel Corp.	39.27	+1.35	+3.56 %
Nps	Nippon Steel Corp.	7.25	+0.13	+1.83 %

Us Steel and Nippon Steel Sue Biden Admin on banned acquisition

Biden The US Foreign Investment Committee (CFIUS), which failed to unanimously unanimously on national security issues that the deal could raise.

Biden ultimately rejected the deal, saying in a statement: “The locally rooted steel industry is a basic priority for national security and is decisive to flexible supply chains.”

The United States pushed steel and juvenile steel to this logic and submitted a lawsuit challenging the decision to prevent the deal, saying in a statement that the transaction “will be strengthened, unrelated to the United States national security, including stimulating American steel -based societies, to strengthen the American steel supply chain And strengthening the local steel industry in America against the threat of China.

President Biden to prevent the sale of the United States to Nippon Steel

Nippon has pledged to invest $ 2.7 billion in Mon Valley’s business in the United States in Pennsylvania and Gary’s business in Indiana as part of the update project that aims to make facilities more competitive with its international competitors. The company also said that it will maintain the name, brand, and American steel headquarters and refrain from demolishing workers until 2026 if the deal will continue.

Borrett said Wall Street Magazine Last year, the United States will not be able to make the investments offered by Nippon Steel to make whether the deal did not move forward.

“We will not do it if you encounter the deal,” Burit said. “I don’t have money.”

He added that the United States Steel may look forward to converting its production into facilities in the south while the closure of facilities in the Monnonghilla Valley in Pennsylvania and Gary, Indiana, in addition to moving its headquarters to Pittsburgh.

The United States has previously told Fox Business that the company has about 3,800 employees in Pennsylvania, including Mon Valley Works and Hevedquarters, as well as the research center and other company jobs. Gary Works has more than 4,300 employees, according to the company.

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the United Stelworkers Union The deal opposes, as the international president of the USW David McCall said that Nippon is “a serial bliber for decades to undermine our local industry by throwing its products on our market.”

“It is clear from the financial performance in the United States recently that it could easily remain a strong and flexible company” and urged its board of directors “to take the necessary steps to allow it to increase prosperity and stay profitable.”

Trump is also expected to meet with FEDEX Chairman and Founder Frederick W. Smith at the White House on Thursday, according to the report.

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FDX	Fedex Corp.	258.82	+6.38	+2.53 %

Reuters contributed to this report.