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Trump is reportedly meeting with the CEO of an American steel company. Japan Steel hopes to save the acquisition deal.
On February 7, Jin10 Data reported that amid speculation about the fate of U.S. Steel (X.N), President Trump reportedly had a meeting with the company’s CEO, Dave Burritt, at the White House. The day after, Japanese Prime Minister Shigeru Ishiba will visit Washington for a meeting with Trump. In January of this year, Nippon Steel’s acquisition proposal for U.S. Steel was rejected by then-President Biden. U.S. Steel rose 3.6% in New York on Thursday, closing at $39.27, still 29% below Nippon Steel’s offer of $55 per share.