President Donald Trump is set to hold a meeting with top executives from U.S. Steel and FedEx on Thursday, as confirmed by the White House. This meeting comes in the wake of the recent developments surrounding Nippon Steel's failed attempt to acquire U.S. Steel.
Former President Joe Biden had intervened to block Nippon Steel's purchase of U.S. Steel, citing national security concerns. This move by Biden showcased a significant exercise of executive power during the final days of his presidency.
David Burritt, the CEO of U.S. Steel, has been vocal in his appeal to President Trump to reverse Biden's decision to prevent the sale of the company to Nippon Steel. The upcoming meeting between Trump and the executives from U.S. Steel and FedEx is expected to address various issues, including the implications of the blocked acquisition.
