United States Steel Corp. CEO David Burritt is reportedly meeting with President Donald J. Trump on Thursday at the White House in an attempt to revive the $14.9 billion deal with Nippon Steel Corp.

President Donald Trump is set to meet with the CEO of U.S. Steel at the White House as Nippon Steel touts the benefits of its proposed acquisition of the struggling steelmaker.

President Donald Trump met United States Steel (X) CEO David Burritt at the White House on Thursday as Japan’s Nippon Steel (NISTF) tries to salvage a deal with the U.S. company. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.

President Donald J. Trump on Friday afternoon suggested Nippon Steel Corp. has agreed to invest in United States Steel Corp. instead of acquiring the Pittsburgh-based manufacturer as it has been working toward since December 2023 in a $14.9 billion deal blocked by then-President Joe Biden last month.

Trump announced Friday that Nippon Steel was dropping its $14.1 billion acquisition of the American steel company and would instead be making an “investment, rather than a purchase.”

U.S. President Donald Trump said on Friday Japan's Nippon Steel will not buy U.S. Steel and would instead invest in the company, which would dramatically reshape the $15 billion merger bid that had been in negotiation for more than a year.

U.S. President Donald Trump will meet with leaders of U.S. Steel and FedEx on Thursday, ABC News reported, citing sources. Nippon Steel's bid to acquire U.S. Steel was blocked last month by then-U.S.