Biden's industrial policy faces a test with the proposed acquisition of U.S. Steel by Japan's Nippon Steel. The deal has sparked concerns about the impact on domestic steel production and international alliances. Pressure from both Democrats and Republicans adds to the complexity of the situation. While U.S. Steel executives argue that the acquisition would benefit workers, skeptics urge Biden to review the deal to prevent lost steel production and jobs. The administration's response is awaited, with potential scrutiny from the Committee on Foreign Investment in the United States. The decision will be a significant test of Biden's commitment to the industry.