Trump Orders Tariff Probe on Critical Minerals for National Security

Generated by AI AgentCoin World
Wednesday, Apr 16, 2025 12:25 am ET1min read

President Trump has initiated an investigation into the potential imposition of tariffs on critical minerals, a move that comes amidst the ongoing trade tensions affecting key global economic sectors. The directive, issued by the White House, instructs the Secretary of Commerce to begin a Section 232 inquiry under the 1962 Trade Expansion Act. This inquiry aims to assess the impact of mineral imports on U.S. national security and economic resilience.

The investigation focuses on essential mineralsWTRG--, with a particular emphasis on rare earth elements. These elements are crucial for the U.S. defense sector and are integral components in the production of advanced technologies, including jet engines, missile systems, and advanced computing devices. The order also includes uranium and essential mineral derivatives within its scope.

According to the directive, the Secretary of Commerce is required to submit the findings of the investigation within 270 days. The White House highlighted that while the U.S. has valuable mineral resources, it remains heavily dependent on imports. This reliance presents significant economic and security challenges, as the U.S. imports at least 15 critical minerals that are vital for defense, automotive, and technological innovations.

If the investigation concludes that these imported minerals pose a threat to national security, President Trump will have the authority to impose tariffs. This action would effectively override recent reciprocal tariffs that have been targeted at U.S. trading partners. The move underscores the administration's commitment to safeguarding national security interests while addressing the economic vulnerabilities associated with mineral imports.

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet