The Biden administration has extended the review of Nippon Steel’s proposed $14.9 billion takeover of U.S. Steel, effectively delaying the decision until after the November presidential election. Both President Joe Biden and Democratic nominee Kamala Harris oppose the deal, citing national security concerns and the importance of maintaining American ownership of U.S. Steel. Former President Donald Trump has also vowed to block the acquisition. Nippon Steel has been granted permission by the Committee on Foreign Investment in the United States (CFIUS) to resubmit its application, allowing more time to assess the national security impacts and supply chain resilience. U.S. Steel has warned that blocking the deal could lead to the shutdown of facilities in Pennsylvania, a critical swing state in the upcoming election. The White House denies any intentional delay, emphasizing the review's need for thoroughness.