President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.

President Donald Trump met U.S. Steel Chief Executive David Buritt at the White House on Thursday as the struggling steelmaker has been pushing for a decision on its long-sought takeover by Japan's Nippon Steel .

U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba said on Friday Japan was looking at an investment in U.S. Steel instead of an acquisition. Japanese firm Nippon Steel's bid to buy U.