United States Steel Corp. CEO David Burritt in an interview with CNBC appealed to President-elect Donald J. Trump to rescue the Pittsburgh-based company's $14.9 billion acquisition by Nippon Steel Corp.

President-elect Donald Trump says U.S. Steel will thrive under his plan to impose tariffs on other nations, putting his imprint on the debate around whether a Japanese firm should have acquired it.

Supporters of the sale of U.S. Steel to Japan’s Nippon Steel are still hopeful that Donald Trump could revive the nearly $15 billion dollar acquisition.

"President-elect Trump has proposed various tariff plans at various times on the import of foreign goods, including a 10% blanket tariff on all imports, a 60% tariff on Chinese goods and 25% tariffs on goods from Mexico and Canada," says Ben Johnston, chief operating officer of Kapitus, a financial services firm that focuses on small business.

U.S. Steel and Nippon Steel said on Monday that it is suing over President Joe Biden's decision to block its sales agreement and a domestic competitor and union over their actions to scuttle the deal.

Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U.S. Steel if the federal government approves a proposed merger.

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President Joe Biden's decision to reject a bid by Nippon Steel to acquire U.S. Steel isn't the first time friction over trade and investment has irked Washington's closest ally in Asia.

President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.

President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output gains are very real.

President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national security. "Without domestic steel production and domestic steel workers, our nation is less strong and less secure," Biden said in a statement.