U.S. Steel CEO urges Trump to reassess Nippon deal, criticizes Biden's decision as unethical.

• David Burritt, CEO of U.S. Steel, urged President-elect Donald Trump to overturn President Joe Biden's move to halt the sale of the company to Nippon Steel.
• On Friday, Biden officially terminated the over $14 billion agreement, stating national security concerns following a thorough examination by the Committee on Foreign Investment in the United States for several months.

On Tuesday, CEO David Burritt requested that President-elect Donald Trump intervene and reverse President Joe Biden's decision to prevent the company's sale to Japan's SoftBank.

"Burritt stated on "Squawk on the Street" on Tuesday that the president has the power to rectify the unethical, disgraceful, and corrupt actions of Biden."

On Friday, Biden vetoed the over $14 billion deal, stating national security concerns following a thorough examination by the Committee on Foreign Investment in the United States.

On Monday, Nippon and U.S. Steel filed a lawsuit against the Biden administration, claiming that the president's decision was unconstitutional.

Nippon's acquisition of U.S. Steel has been opposed by Trump, but Burritt is hopeful that he can persuade the president-elect to support the deal for the benefit of the company and American workers.

Burritt stated, "Our goal is for due process to be effective. Although we have a new president who may have different views, we believe he is intelligent and has the chance to make the right decision. He can approach the issue with fresh eyes and do what is just, and we strongly believe he will."

The White House and the Trump transition team did not respond to requests for comment.

This is a developing story. Please check back for updates.