Trump threatens to hit critical minerals with tariffs

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The story "Trump threatens to hit critical minerals with tariffs" was covered 5 days ago by Financial Times, a news publisher based in United States.

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Financial Times 5d ago

Trump threatens to hit critical minerals with tariffs - Financial Times

Quick Summary:

It comes after China suspended exports of several heavy rare earth metals and rare earth magnets used in the defence, robotics and energy industries to buyers around the world.

The investigation threatens to trigger a new critical minerals trade war as the US tries to wrestle back control of a crucial industry that is dominated by China.

In an executive order on Tuesday, the US president ordered the commerce department to study the critical mineral supply chains and come up with ways to boost American production while cutting reliance on imports.