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.
47 Articles
47 Articles
U.S. wants to create critical minerals trading bloc with its allies to counter China
The Trump administration announced Wednesday that it wants to create a critical minerals trading bloc with its allies and partners, using tariffs to maintain minimum prices and defend against China’s stranglehold on the key elements needed for everything from fighter jets to smartphones. Vice President JD Vance said the U.S.-China…
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.
US seeks minerals trade zone in rare Trump move with allies
U.S. Strikes Back: Uniting Allies for Critical Minerals Independence
U.S. Vice President JD Vance announced a plan to create a preferential trade bloc with allied nations to stabilize pricing and reduce reliance on China for critical minerals. This move, part of President Trump's 'America First' strategy, aims to establish price floors and promote domestic and ally-based production.
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