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US proposes critical minerals trade bloc aimed at countering China

The U.S. plans a trade bloc with 55 countries to stabilize prices and diversify critical mineral supply chains, aiming to reduce reliance on China, officials said.

  • The US has proposed a preferential trade bloc with allies for critical minerals aimed at countering China's dominance in the sector.
  • Vice President JD Vance unveiled plans to establish coordinated price floors for critical minerals through adjustable tariffs to support pricing integrity within the trade bloc.
  • The move aims to encourage private investment in mining and processing projects by guaranteeing minimum prices, reducing reliance on cheaper Chinese supply.
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The Trump administration is seeking to form a new trade bloc with allies for critical minerals, or rare earths, which are essential to the technology sector, among other things. A conference on the subject is being held in Washington today with representatives from 50 countries and the EU.

Radio France InternationaleRadio France Internationale
+7 Reposted by 7 other sources
Center

US seeks minerals trade zone in rare Trump move with allies

·Paris, France
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South China Morning Post broke the news in Hong Kong on Wednesday, February 4, 2026.
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